146.570 Kentucky Heritage Land Conservation fund. - Kentucky Statutes

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Page 1 of 1 146.570 Kentucky Heritage Land Conservation fund. (1) There is hereby established in the State Treasury a fund entitled "Kentucky Heritage Land Conservation fund." The fund shall primarily receive state appropriations,
gifts, grants, federal funds, and tax receipts. The fund shall be disbursed by the State
Treasurer upon the warrant of the secretary of the Finance and Administration
Cabinet. Moneys in the fund not expended at the end of a fiscal year shall be carried
forward to the next fiscal year, and the fund shall not lapse. Moneys in the fund
shall be invested in accordance with administrative regulations developed by the
State Investment Commission in accordance with KRS 42.525. Interest earnings
shall accrue to the fund. (2) The fund shall be attached for administrative, budgeting, and capital planning and reporting purposes to the Energy and Environment Cabinet. Land acquisitions shall
be authorized by the General Assembly and reported to the Capital Projects and
Bond Oversight Committee in accordance with KRS 45.750 to 45.800. Allocation
of moneys as approved by the board for management of the lands shall be
appropriated to each separate agency as part of its operating budget. (3) Moneys in the fund shall be used exclusively for the purposes of acquisition and management of lands as defined in KRS 146.560. Each recipient of moneys shall
develop and implement a resource management plan for each tract acquired, except
a resource management plan for properties adjacent to a state park shall be
developed and managed by the Department of Parks, and shall allocate at least ten
percent (10%) of moneys received for management of lands acquired. Lands
acquired shall be maintained in perpetuity for the purposes set out in KRS 146.560. (4) Moneys in the fund shall be allocated as follows: (a) The Department of Parks shall receive ten percent (10%);
(b) The Department of Fish and Wildlife Resources shall receive ten percent (10%); (c) The Energy and Environment Cabinet, Division of Forestry, shall receive ten percent (10%); (d) Ten percent (10%) shall be allocated for wild rivers corridors established by the Kentucky Wild Rivers Act, KRS 146.200 to 146.360, and any
administrative regulations promulgated pursuant thereto; (e) The Nature Preserves Commission shall receive ten percent (10%); and
(f) The board shall receive the remaining fifty percent (50%), for allocation to state agencies, local governments, and state colleges and universities. Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 135, effective July 15, 2010. -- Amended 1994 Ky. Acts ch. 328, sec. 3, effective July 15, 1994. -- Created 1990 Ky. Acts
ch. 446, sec. 5, effective July 13, 1990.