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Code · Kentucky · Chapter 309 — Miscellaneous occupations and professions

309.408 Revolving fund -- Purposes.

149 words·~1 min read·/ky/chapter-309/309-408

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(1)All fees and other moneys received by the board pursuant to KRS 309.400 to
309.422 shall be deposited in the State Treasury to the credit of a revolving fund
which is hereby established. Amounts in the fund shall be used for the purposes set
forth in KRS 309.400 to 309.422.
(2)Notwithstanding KRS 45.229, any moneys remaining in the fund at the close of the
fiscal year shall not lapse but shall be carried forward to the next fiscal year to be
used by the board for the purposes set forth in KRS 309.400 to 309.422.
(3)Any interest earnings of the fund shall become part of the fund and shall not lapse.
(4)The expenses of the board shall be paid from this revolving fund.
(5)Moneys deposited in the fund shall be used and are hereby appropriated for the
purposes specified in KRS 309.400 to 309.422.
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