42.566 Allocation of appropriations. - Kentucky Statutes

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Page 1 of 1 42.566 Allocation of appropriations. (1) The funds appropriated by the General Assembly shall be expended in a manner consistent with the judgments and settlements, as amended, which produced the oil
overcharge refunds, as follows:
(a) The sum of five hundred thousand dollars ($500,000) or eight percent (8%) of the amount appropriated each fiscal year, whichever is greater, shall be
distributed annually to the Energy and Environment Cabinet for expenditure
in the Institutional Conservation Program established pursuant to Part G of
Title III of the Energy Policy and Conservation Act, 42 U.S.C. secs. 6371 et
seq. The source of these funds shall be deemed to be the trust funds produced
by the Stripper Well litigation, In Re Department of Energy Stripper Well
Exemption Litigation, D.C. Kan., M.D.L. No. 378, and the Diamond
Shamrock litigation, Diamond Shamrock Refining Co. v. Standard Oil of
Indiana, D.C. Ind., Civil Action No. C-84-1432, and interest accumulated
thereon. (b) The balance of the trust funds appropriated for expenditure in any fiscal year shall be distributed to the Cabinet for Health and Family Services and
allocated as follows:
1. Forty percent (40%) of the trust funds received by the cabinet in any
fiscal year shall be allocated to the cabinet's program for weatherization
of low-income households established pursuant to Part A of the Energy
Conservation and Existing Buildings Act of 1976, 42 U.S.C. secs. 6861
et seq.; and 2. Sixty percent (60%) of the trust funds received by the cabinet in any
fiscal year shall be allocated to the cabinet's program for energy crisis or
prevention services for low-income households established pursuant to
the Low-Income Home Energy Assistance Act of 1981, 42 U.S.C. secs.
8621 et seq. Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 33, effective July 15, 2010. -- Amended 2005 Ky. Acts ch. 99, sec. 103, effective June 20, 2005. -- Amended 1998 Ky. Acts
ch. 426, sec. 82, effective July 15, 1998. -- Amended 1990 Ky. Acts ch. 325, sec. 23,
effective July 13, 1990. -- Amended 1988 Ky. Acts ch. 10, sec. 2, effective February
19, 1988. -- Created 1986 Ky. Acts ch. 262, sec. 4, effective April 3, 1986.