234.294 Funds -- Use -- Disbursement.

169 words·~1 min read·/ky/chapter-234/234-294

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The funds, including donations from individuals, associations, concerns, corporations, and grants from state or federal governmental agencies, shall be used for the purpose of promoting and stimulating, by research, market development, and education, the increased use and sale of propane and increased consumer and employee safety. None of these funds shall be used to lobby as defined in KRS 6.611. The council shall use and disburse the funds as follows:

(1)The council may refund to the industry association certified under KRS 234.280 the

costs and expenses incurred in the conduct of the initial referendum. The council

shall bear the cost of any subsequent referenda provided for in KRS 234.270 to

234.302;

(2)The council may spend or disburse the necessary funds for administrative costs and

expenses, but no more than fifteen percent (15%) of the funds collected in any year

shall be utilized in this manner; and

(3)The balance remaining shall be used for the purposes provided in KRS 234.270 to

234.302, as determined by the council.