14.140 Trust fund to establish, operate, and maintain procedures required by KRS Chapter 275 and KRS 362.555 to 362.605 -- Expiration of section on July 15, 1996.
<br><br>14.140 Trust fund to establish, operate, and maintain procedures required by KRS <br>Chapter 275 and KRS 362.555 to 362.605 -- Expiration of section on July 15, <br>1996. <br>(1) There is hereby established a trust fund in the Treasury of the Commonwealth for <br>use by the Secretary of State. The Secretary of State shall use the trust fund solely to <br>establish, operate, and maintain procedures required by KRS Chapter 275 and KRS <br>362.555 to 362.605. The Secretary of State may request, and the request shall be <br>honored, that the funds be invested and reinvested to establish, operate, and <br>maintain procedures required by KRS Chapter 275 and KRS 362.555 to 362.605. <br>(2) The trust fund shall be credited with fees generated pursuant to KRS 275.055 and <br>362.555(3) as well as income from the investment and reinvestment of funds in the <br>trust fund. <br>(3) The provisions of this section shall expire two (2) years from July 15, 1994. At that <br>time, funds remaining in the trust fund shall revert to the general fund. <br>Effective: July 15, 1994 <br>History: Created 1994 Ky. Acts ch. 389, sec. 108, effective July 15, 1994. <br><br>