248.701 Definitions for KRS 248.701 to 248.727.

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A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

As used in KRS 248.701 to 248.727, unless the context requires otherwise:

(1)"Board" means the Agricultural Development Board created by KRS 248.707;

(2)"Fund" means the agricultural development fund established in KRS 248.655 as the

"Rural Development Fund;"

(3)"Subcommittee" means the Tobacco Settlement Agreement Fund Oversight

Committee created by KRS 248.723;

(4)"Council" means an agricultural development council required by KRS 248.721;

(5)"Master Settlement Agreement" means the settlement agreement dated November

23, 1998, entered into by the Commonwealth of Kentucky and major United States

tobacco product manufacturers; and

(6)"Phase II Agreement" means the National Tobacco Grower Settlement Trust

Agreement dated July 19, 1999, entered into by tobacco states and major tobacco

companies to compensate tobacco growers and quota owners for losses resulting

from the Master Settlement Agreement.