2006 Kentucky Revised Statutes - .400   Insurance regulatory trust fund -- Use.

304.2-400 Insurance regulatory trust fund -- Use. (1) There is created in the State Treasury a trust fund designated the "Insurance Regulatory Trust Fund" to which shall be credited all payments received under KRS 304.4-010. (2) The moneys so received and deposited in the insurance regulatory trust fund shall be appropriated for use only by the office to defray the expenses of the office in discharge of its administrative and regulatory powers and duties as prescribed by law subject to the applicable laws relating to the appropriation of state funds and to the deposit and expenditure of state moneys. The office shall be responsible for the proper expenditure of these moneys as provided by law. Effective: July 15, 1998 History: Amended 1998 Ky. Acts ch. 213, sec. 1, effective July 15, 1998. -- Amended 1988 Ky. Acts ch. 225, sec. 21, effective July 15, 1988. -- Created 1986 Ky. Acts ch. 437, sec. 35, effective July 15, 1986. Legislative Research Commission Note (6/20/2005). 2005 Ky. Acts chs. 11, 85, 95, 97, 98, 99, 123, and 181 instruct the Reviser of Statutes to correct statutory references to agencies and officers whose names have been changed in 2005 legislation confirming the reorganization of the executive branch. Such a correction has been made in this section. 2006-2008 Budget Reference. See State/Executive Branch Budget, 2006 Ky. Acts ch. 252, Pt. V, F.7., at 1406; and State/Executive Branch Budget Memorandum, 2006 Ky. Acts ch. 257, at 1572 (Final Budget Memorandum, at 11). 2004-2006 Budget Reference. See State/Executive Branch Budget, 2005 Ky. Acts ch. 173, pt. V, E.13., at 3154; and State/Executive Branch Budget Memorandum, 2005 Ky. Acts ch. 170, at 1580 (Final Budget Memorandum, at 8). 2004-2006 Budget Reference. See State/Executive Branch Budget, 2005 Ky. Acts ch. 173, pt. I, F.1.(2), at 3064; and State/Executive Branch Budget Memorandum, 2005 Ky. Acts ch. 170, at 2273 (Final Budget Memorandum, at 613).