2013 Kentucky Revised Statutes CHAPTER 183 - AVIATION 183.525 Kentucky aviation economic development fund -- Sources and distribution of fund moneys -- Use of fund moneys.
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183.525 Kentucky aviation economic development fund -- Sources and
distribution of fund moneys -- Use of fund moneys.
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The "Kentucky Aviation Economic Development Fund" is established in the
State Treasury. Beginning on July 1, 2000, all receipts collected under KRS
Chapter 139 from the sales or use tax on aviation jet fuel shall be deposited in
this fund.
The fund may also receive state appropriations, gifts, grants, and federal funds
and shall include earnings from investments of moneys from the fund.
Any fund balance at the close of the fiscal year shall not lapse but shall be
carried forward to the next fiscal year.
The Transportation Cabinet shall use all moneys deposited in the fund or
accruing to the fund for the development, rehabilitation, and maintenance of
publicly owned or operated aviation facilities and for other aviation programs
within the Commonwealth that will benefit publicly owned or operated aviation
facilities.
The cabinet shall be prohibited from expending moneys deposited in the fund
for administrative costs incurred by the cabinet or for any purpose other than
the development, rehabilitation, and maintenance of publicly owned or
operated aviation facilities and other aviation programs benefiting publicly
owned or operated aviation facilities.
Effective:July 15, 1998
History: Created 1998 Ky. Acts ch. 400, sec. 1, effective July 15, 1998.
2012-2014 Budget Reference. See Transportation Cabinet Budget, 2012 (1st Extra.
Sess.) Ky. Acts ch. 2, Pt. I, A, 2, (1) at 22.
2012-2014 Budget Reference. See Transportation Cabinet Budget, 2012 (1st Extra.
Sess.) Ky. Acts ch. 2, Pt. I, A, 2, (2) at 22.
2012-2014 Budget Reference. See Transportation Cabinet Budget, 2012 (1st Extra.
Sess.) Ky. Acts ch. 2, Pt. III, A, 1 at 28.
2012-2014 Budget Reference. See Transportation Cabinet Budget, 2012 (1st Extra.
Sess.) Ky. Acts ch. 2, Pt. III, A, 2 at 28.
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