247.6029 Use of funds.
The funds, including donations from individuals, concerns, corporations, and grants from <br>the state or governmental agencies, shall be used for the purpose of promoting and <br>stimulating, by research, market development and education, the increased use and sale, <br>domestic and foreign, of corn and corn products; and for the prevention, modification, or <br>elimination of trade barriers which obstruct the free flow of corn and corn products to <br>market. None of these funds shall be used to lobby as defined in KRS 6.611. The duly <br>certified association receiving the assessment funds shall, upon the advice and consent of <br>the Kentucky Corn Promotion Council, use and disburse the same as follows: <br>(1) The association may first refund to itself therefrom the costs and expenses incurred
in the conduct of the referendum;
(2) The association may spend or disburse the necessary funds therefrom for
administrative costs and expenses, but no more than fifteen percent (15%) of the <br>funds collected in any marketing year shall be so utilized; and
(3) The balance remaining shall be used for the purposes provided in this section, as
determined by the Kentucky Corn Promotion Council.
Effective: July 15, 1994 <br>History: Amended 1994 Ky. Acts ch. 46, sec. 6, effective July 15, 1994. -- Amended
1993 (1st Extra. Sess.) Ky. Acts ch. 4, sec. 68, effective September 16, 1993. -- <br>Created 1990 Ky. Acts ch. 223, sec. 15, effective July 13, 1990.
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