There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
CHAPTER 42 FINANCE AND ADMINISTRATION CABINET
42.4585 Transfers from local government economic development fund to local government economic assistance fund -- Schedule of transfers.
Download pdfgovernment economic assistance fund. (2) The amount transferred annually from the local government economic development fund into the local government economic assistance fund under the provisions of
subsection (1) of this section shall be not less than an amount equal to fifteen
percent (15%) of the severance and processing taxes on coal collected annually. (3) The quarterly calculation and transfer of funds pursuant to subsections (1) and (2) of this section shall be made only after:
(a) The quarterly installment of the annual nineteen million dollars ($19,000,000) allocation of coal severance tax revenues has been credited to the benefit
reserve fund within the Kentucky Workers' Compensation Funding
Commission as required by KRS 342.122; and (b) The quarterly installment of the annual amount from the prior calendar year allowed as an incentive to an approved company under KRS 143.024 and
154.27-060. Effective: August 30, 2007
History: Amended 2007 (2d Extra. Sess.) Ky. Acts ch. 1, sec. 16, effective August 30, 2007. -- Amended 2002 Ky. Acts ch. 338, sec. 2, effective July 15, 2002. -- Amended
1996 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 77, effective December 12, 1996. --
Created 1992 Ky. Acts ch. 107, sec. 5, effective July 1, 1992.
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