56.180 Use of fund -- Disposition of excess.

120 words·~1 min read·/ky/chapter-56/56-180

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(1)On and after March 31, 2025, until June 30, 2030, if at the end of any fiscal year the

moneys and securities to the credit of the Commonwealth's property and casualty

insurance fund exceed one hundred million dollars ($100,000,000), that excess shall

be transferred to the general fund.

(2)On and after July 1, 2030, if at the end of any fiscal year the moneys and securities

to the credit of the Commonwealth's property and casualty insurance fund exceed

ten million dollars ($10,000,000), that excess shall be transferred to the general

fund.

(3)The moneys and securities to the credit of the Commonwealth's property and

casualty insurance fund shall not be used for any purpose unrelated to fund

operations.