42.470 Allocation of funds among counties. - Kentucky Statutes

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42.470 Allocation of funds among counties. Moneys in the local government economic assistance fund shall be allocated among the
counties as follows:
(1) Funds allocated under KRS 42.4585: (a) Sixty percent (60%) shall be distributed to each coal producing county on the basis of the ratio of tax collected on coal severed in each respective county to
the tax collected statewide. (b) Thirty percent (30%) shall be distributed to each coal producing county on the basis of per capita income (inverse order), ton miles of resource roads and
population, equally weighted. (c) Ten percent (10%) shall be distributed to non-coal producing counties impacted by the transport of coal on the basis of geographic area, ton miles of
resource roads, and per capita income (inverse order), weighted on a basis of
30/100, 40/100, and 30/100, respectively. The expenditure of such funds shall
be limited to the categories of projects set out in KRS 42.455(2)(c). All
counties shall receive an annual payment based on the average of total ton
miles within the county during the most recent three (3) year period. To
qualify for the funds distributed under the provisions of this paragraph, a
county must have within its geographic boundaries in any single year twenty-
five hundredths of one percent (0.25%) of the total ton miles within coal
impact counties during the most recent three (3) year period. (2) All funds allocated under KRS 42.450(2) shall be distributed among the mineral producing counties on the basis of the tax collected on minerals severed in each
respective county. Effective: July 15, 1994
History: Amended 1994 Ky. Acts ch. 488, sec. 4, effective July 15, 1994.