350.597 Special trust fund.
110 words·~1 min read·
/ky/chapter-350/350-597A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)The Finance and Administration Cabinet shall establish a special trust fund which
may receive and retain up to thirty percent (30%) of the total grants made annually
by the Secretary of the Interior, pursuant to Section 402(g)(6) of Pub. L. No. 95-87,
as amended by the Tax Relief and Health Care Act of 2006, Pub. L. No. 109-432.
(2)Sums deposited into the special trust fund, and interest earned thereon, shall be
expended for acid mine drainage abatement and treatment in accordance with the
requirements of Section 402(g)(6) of Pub. L. No. 95-87, as amended by the Tax
Relief and Health Care Act of 2006, Pub. L. No. 109-432.