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304.2-300 Examination expense revolving fund.
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There is created in the State Treasury the "Examination Expense Revolving
fund" for the use of the department. The commissioner shall promptly deposit
all funds received under a statute requiring examination expenses to be paid
by the party examined and deposited with the State Treasurer to the credit of
the fund.
Moneys for travel, per diem, compensation and other necessary and
authorized expenses incurred by an examiner or other department
representative in the examination of any person required to pay, and making
payment of, the expense of examination pursuant to KRS 304.2-290 shall be
paid out of the examination expense revolving fund, upon approval of the
commissioner.
Moneys for travel and other necessary expenses assessed pursuant to KRS
304.8-190 shall be paid out of the examination expense revolving fund upon
approval of the commissioner.
If any amount in the revolving fund remains unexpended at the end of any
fiscal year, that amount shall not lapse, but shall remain credited to the account
and may be used during the succeeding year or years.
Effective:July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 947, effective July 15, 2010. -Amended 2004 Ky. Acts ch. 24, sec. 3, effective July 13, 2004. -- Amended
1982 Ky. Acts ch. 320, sec. 6, effective July 15, 1982. -- Amended 1976 Ky.
Acts ch. 38, sec. 1, effective July 1, 1976. -- Amended 1974 Ky. Acts ch. 210,
sec. 4, effective June 21, 1974. -- Created 1970 Ky. Acts ch. 301, subtit. 2, sec.
30.
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