2014 Kentucky Revised Statutes CHAPTER 7B - LONG-TERM POLICY RESEARCH 7B.080 Kentucky Long-Term Policy Research Center fund -- Investment of moneys -- Appropriations.
Download as PDF
7B.080 Kentucky Long-Term Policy Research Center fund -- Investment of
moneys -- Appropriations.
(1)
(2)
(3)
(4)
The operation of the center shall be funded from the restricted agency fund
established in subsection (3) of this section.
There is hereby established a fiduciary fund to be entitled the Kentucky
Long-Term Policy Research Center fund. The fund may receive appropriations,
gifts, grants, and federal funds. Moneys in the fund shall not lapse back to the
General Fund at the end of any fiscal year. Moneys in the fund shall be
invested by the Office of Financial Management within the Office of the
Controller, consistent with the provisions of KRS Chapter 42.
A restricted agency fund account is established to receive the interest on the
fiduciary fund and any other resources made available to the center. Interest
from the fiduciary fund shall be credited to the restricted agency fund account
on a monthly basis for the center's operations. Moneys in the account shall be
invested by the Office of Financial Management within the Office of the
Controller, consistent with the provisions of KRS Chapter 42.
Any appropriation by the General Assembly to the fiduciary fund shall remain
intact and shall not be available to the board, and should the center and its
functions terminate, the principal and any remaining interest from other
accumulated funds shall revert to the general fund of the Commonwealth or to
the donor.
Effective:June 20, 2005
History: Amended 2005 Ky. Acts ch. 85, sec. 25, effective June 20, 2005. -Amended 2000 Ky. Acts ch. 46, sec. 2, effective July 14, 2000. -- Created 1992
Ky. Acts ch. 103, sec. 8, effective July 14, 1992.
2014-2016 Budget Reference. See Legislative Branch Budget, 2014 Ky. Acts ch.
123, Pt. I, 1, (3) at 782.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.