2016 Kentucky Revised Statutes
CHAPTER 165A - PROPRIETARY EDUCATION
.380 Disposition of fees -- Trust and agency account.

Download as PDF 165A.380 Disposition of fees -- Trust and agency account. (1) (2) (3) All fees collected pursuant to this chapter, except those collected pursuant to KRS 165A.450, shall be deposited in the State Treasury in a trust and agency account of the Kentucky Commission on Proprietary Education and shall be used by the commission to defray the cost of administering and enforcing this chapter. Notwithstanding KRS 45.229, any moneys remaining in the account at the end of the fiscal year shall not lapse but shall be carried forward to the next fiscal year. Any interest earnings of the account shall become a part of the account and shall not lapse. Effective: July 12, 2012 History: Amended 2012 Ky. Acts ch. 76, sec. 8, effective July 12, 2012. -- Amended 1982 Ky. Acts ch. 31, sec. 7, effective July 15, 1982 -- Created 1976 Ky. Acts ch. 363, sec. 7, effective July 1, 1976.