2013 Kentucky Revised Statutes CHAPTER 42 - FINANCE AND ADMINISTRATION CABINET 42.4592 Allocation of remaining moneys in local government economic development fund.
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42.4592 Allocation of remaining moneys in local government economic
development fund.
(1)
(2)
Moneys remaining in the local government economic development fund
following the transfer of moneys to the local government economic assistance
fund provided for in KRS 42.4585 shall be allocated as follows:
(a) Thirty-three and one-third percent (33-1/3%) shall be allocated to each
coal producing county on the basis of the ratio of total tax collected in the
current and preceding four (4) years on coal severed in each respective
county to the total tax collected statewide in the current and four (4)
preceding years;
(b) Thirty-three and one-third percent (33-1/3%) shall be allocated quarterly
to each coal-producing county on the basis of the following factors, which
shall be computed for the current and four (4) preceding years, and which
shall be equally weighted:
1.
Percentage of employment in mining in relation to total employment
in the respective county;
2.
Percentage of earnings from mining in relation to total earnings in
the respective county; and
3.
Surplus labor rate; and
(c) Thirty-three and one-third percent (33-1/3%) shall be reserved for
expenditure for industrial development projects benefiting two (2) or more
coal-producing counties. For purposes of this paragraph, "coal-producing
county" shall mean a county which has produced coal in the current or
any one of the four (4) preceding years.
(a) For purposes of paragraph (b) of subsection (1) of this section,
"percentage of employment in mining" and "percentage of earnings from
mining" shall be the percentages published for the latest available five (5)
year period by the Bureau of Economic Analysis in the United States
Department of Commerce; "surplus labor rate" shall be the rate published
for the latest available five (5) year period by the Office of Employment
and Training of the Department of Workforce Investment in the Education
and Workforce Development Cabinet, as provided in paragraph (b) of this
subsection.
(b) 1.
Each year the Office of Employment and Training shall estimate
surplus labor for each county and for the Commonwealth and shall
annually publish an estimate of the surplus labor rate for each
county and the Commonwealth.
2.
The estimate of surplus labor for each county and for the
Commonwealth shall be made using the best practical method
available at the time the estimates are made. In determining the
method to be adopted, the Office of Employment and Training may
consult with knowledgeable individuals, including but not limited to
the Office of the United States Bureau of Labor Statistics, state and
national researchers, state and local officials, and staff of the
Legislative Research Commission. The description of the method
used to estimate surplus labor shall be reported in each annual
(3)
publication provided for in subparagraph 1. of this paragraph.
3.
For purposes of this section, "surplus labor" means the total number
of residents who can be classified as unemployed or as discouraged
workers, and "surplus labor rate" means the percentage of the
potential civilian labor force which is surplus labor.
The funds allocated under the provisions of paragraphs (a) and (b) of
subsection (1) of this section shall retain their identity with respect to the county
to which they are attributable, and a separate accounting of available moneys
within the fund shall be maintained for the respective counties. Accounting for
funds allocated under the provisions of this section shall be by the Department
for Local Government.
Effective:June 25, 2013
History: Amended 2013 Ky. Acts ch. 49, sec. 1, effective June 25, 2013. -Amended 2010 Ky. Acts ch. 117, sec. 26, effective July 15, 2010. -- Amended
2009 Ky. Acts ch. 11, sec. 8, effective June 25, 2009. -- Amended 2007 Ky. Acts
ch. 47, sec. 20, effective June 26, 2007. -- Amended 2006 Ky. Acts ch. 211,
sec. 10, effective July 12, 2006. -- Amended 1998 Ky. Acts ch. 69, sec. 11,
effective July 15, 1998. -- Amended 1996 Ky. Acts ch. 271, sec. 4, effective July
15, 1996. -- Amended 1994 Ky. Acts ch. 224, sec. 16, effective July 15, 1994. -Created 1992 Ky. Acts ch. 107, sec. 7, effective July 1, 1992.
2012-2014 Budget Reference. See State/Executive Branch Budget, 2012 Ky. Acts
ch. 144, Pt. I, A, 13, (5) at 1093.
2012-2014 Budget Reference. See State/Executive Branch Budget, 2012 Ky. Acts
ch. 144, Pt. I, A, 13, (6) at 1093.
2012-2014 Budget Reference. See State/Executive Branch Budget, 2012 Ky. Acts
ch. 144, Pt. I, A, 13, (7) at 1093.
2012-2014 Budget Reference. See State/Executive Branch Budget, 2012 Ky. Acts
ch. 144, Pt. I, A, 13, (8) at 1093.
2012-2014 Budget Reference. See State/Executive Branch Budget, 2012 Ky. Acts
ch. 144, Pt. I, A, 13, (9) at 1093.
2012-2014 Budget Reference. See State/Executive Branch Budget, 2012 Ky. Acts
ch. 144, Pt. I, A, 13, (10) at 1093.
2012-2014 Budget Reference. See State/Executive Branch Budget, 2012 Ky. Acts
ch. 144, Pt. I, A, 13, (11) at 1093.
2012-2014 Budget Reference. See State/Executive Branch Budget, 2012 Ky. Acts
ch. 144, Pt. I, A, 13, (12) at 1094.
2012-2014 Budget Reference. See State/Executive Branch Budget, 2012 Ky. Acts
ch. 144, Pt. I, A, 13, (13) at 1094.
2012-2014 Budget Reference. See State/Executive Branch Budget, 2012 Ky. Acts
ch. 144, Pt. I, A, 13, (14) at 1094.
2012-2014 Budget Reference. See State/Executive Branch Budget, 2012 Ky. Acts
ch. 144, Pt. I, A, 13, (15) at 1094.
2012-2014 Budget Reference. See State/Executive Branch Budget, 2012 Ky. Acts
ch. 144, Pt. I, A, 13, (16) at 1094.
2012-2014 Budget Reference. See State/Executive Branch Budget, 2012 Ky. Acts
ch. 144, Pt. I, A, 13, (17) at 1094.
2012-2014 Budget Reference. See State/Executive Branch Budget, 2012 Ky. Acts
ch. 144, Pt. I, E, 3, (4) at 1117.
2012-2014 Budget Reference. See State/Executive Branch Budget, 2012 Ky. Acts
ch. 144, Pt. I, K, 8, (1) at 1136.
2012-2014 Budget Reference. See State/Executive Branch Budget, 2012 Ky. Acts
ch. 144, Pt. I, K, 8, (2) at 1136.
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