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350.715 Pool administrator.
(1)
(2)
The secretary of the cabinet shall appoint a cabinet employee to serve as bond
pool administrator.
The bond pool administrator shall:
(a) Collect and deposit into the bond pool fund all membership fees and
tonnage fees submitted by bond pool members;
(b) Assess penalties against members for late payment of tonnage fees;
(c) Compile information about applicants and members for use by the
commission in assigning or revising ratings;
(d) Monitor members' reporting and payment of tonnage fees and
compliance with laws and administrative regulations of the cabinet and,
where appropriate, recommend to the commission that it downgrade a
member's rating or revoke a person's membership;
(e) Pay moneys out of the bond pool fund as authorized by the bond pool
commission;
(f) At each meeting, report to the commission concerning the status of the
bond pool and activities of the bond pool administrator;
(g) Perform such other administrative functions as are necessary to carry out
the purposes of KRS 350.700 to 350.755; and
(h) Account for the amount of coverage provided for properties in the
Abandoned Mine Land Enhancement Program under KRS 350.595.
Effective:July 15, 1988
History: Amended 1988 Ky. Acts ch. 397, sec. 5, effective July 15, 1988. -Created 1986 Ky. Acts ch. 137, sec. 4, effective July 15, 1986.
2012-2014 Budget Reference. See State/Executive Branch Budget, 2012 Ky. Acts
ch. 144, Pt. I, E, 3, (5) at 1117.
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