224.50-880 Waste tire trust fund.
(1)
(2)
(3)
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A waste tire trust fund is established in the state treasury. The fund shall be used by
the cabinet for the following purposes:
(a) Properly managing waste tires;
(b) Paying the costs associated with any waste tire amnesty program established
by the cabinet that permits waste tires to be turned in without incurring fees,
charges, or penalties;
(c) Paying the Department of Revenue's costs of assessing and collecting the fee
established by KRS 224.50-868;
(d) Entering into the agreements described in KRS 224.50-876; and
(e) Awarding the grants described in KRS 224.50-878.
The cabinet shall utilize no more than twenty-five percent (25%) of the funds for
the administrative costs related to implementing the waste tire program. All
remaining funds shall be utilized, in accordance with KRS 224.50-850 to 224.50880, for waste tire amnesty programs, crumb rubber grants, tire-derived fuel
programs, and other projects that will manage waste tires as appropriate to protect
human health, safety, and the environment, or to develop markets for waste tires.
All interest earned on money in the fund shall be credited to the fund.
Money unexpended at the end of a fiscal year shall not lapse to the general fund.
Any money remaining in the waste tire trust fund established by KRS 224.50-820
shall be transferred to the fund established by this section.
Effective: June 8, 2011
History: Amended 2011 Ky. Acts ch. 34, sec. 5, effective June 8, 2011. -- Amended
2005 Ky. Acts ch. 85, sec. 631, effective June 20, 2005. -- Amended 2002 Ky. Acts
ch. 46, sec. 3, effective July 15, 2002. -- Created 1998 Ky. Acts ch. 529, sec. 16,
effective July 15, 1998.
2010-2012 Budget Reference. See State/Executive Branch Budget, 2010 (1st Extra.
Sess.) StateKy. Acts ch. 1, Pt. I, E, 2, (3) at 29.
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