260.866 Hemp program fund.

205 words·~1 min read·/ky/chapter-260/260-866

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

(1)The hemp program fund is hereby created as a separate trust fund in the State

Treasury. The fund shall consist of amounts received from appropriations, and any

other proceeds from gifts, grants, federal funds, application fees, or license fees

provided by KRS 260.862, civil penalties as provided by KRS 260.864, and any

other funds, both public and private, made available for purposes of KRS 260.850

to 260.869.

(2)The hemp program fund shall be administered by the department.

(3)Amounts deposited in the hemp program fund shall be used for the costs of

personnel, program administration, testing, actual travel expenses of the advisory

board established under KRS 260.860, and any other costs incurred while

conducting the hemp programs under KRS 260.850 to 260.869.

(4)Notwithstanding KRS 45.229, the hemp program fund amounts not expended at the

close of a fiscal year shall not lapse but shall be carried forward into the next fiscal

year.

(5)Any interest earnings of the hemp program fund shall become part of the fund and

shall not lapse.

(6)Moneys in the fund are hereby appropriated for the purposes set forth in this section

and shall not be appropriated or transferred by the General Assembly for any other

purposes.