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42.470 Allocation of funds among counties.
Moneys in the local government economic assistance fund shall be allocated among
the counties as follows:
(1) Funds allocated under KRS 42.4585:
(a) Sixty percent (60%) shall be distributed to each coal producing county on
the basis of the ratio of tax collected on coal severed in each respective
county to the tax collected statewide.
(b) Thirty percent (30%) shall be distributed to each coal producing county on
the basis of per capita income (inverse order), ton miles of resource roads
and population, equally weighted.
(c) Ten percent (10%) shall be distributed to non-coal producing counties
impacted by the transport of coal on the basis of geographic area, ton
miles of resource roads, and per capita income (inverse order), weighted
on a basis of 30/100, 40/100, and 30/100, respectively. The expenditure
of such funds shall be limited to the categories of projects set out in KRS
42.455(2)(c). All counties shall receive an annual payment based on the
average of total ton miles within the county during the most recent three
(3) year period. To qualify for the funds distributed under the provisions of
this paragraph, a county must have within its geographic boundaries in
any single year twenty-five hundredths of one percent (0.25%) of the total
ton miles within coal impact counties during the most recent three (3) year
period.
(2) All funds allocated under KRS 42.450(2) shall be distributed among the mineral
producing counties on the basis of the tax collected on minerals severed in
each respective county.
Effective:July 15, 1994
History: Amended 1994 Ky. Acts ch. 488, sec. 4, effective July 15, 1994.
Amended 1992 Ky. Acts ch. 107, sec. 3, effective July 1, 1992. -- Created 1980
Ky. Acts ch. 394, sec. 5, effective July 1, 1980.
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