175.810 Economic development road account -- Transfer of funds to account. - Kentucky Statutes

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175.810 Economic development road account -- Transfer of funds to account. The Transportation Cabinet shall certify to the commissioner of the Department of
Revenue by October 1 of each fiscal year the amount required for lease rental payments to
the Kentucky Turnpike Authority for economic development road projects. Upon
receiving such certification, the commissioner of the Department of Revenue shall cause
said amount to be deposited from road fund receipts to the credit of the economic
development road account, hereby created, in the transportation fund (road fund). Such
taxes collected in excess of the amount required to be deposited to the economic
development road account in the transportation fund (road fund) shall be deposited by the
Department of Revenue to the credit of the transportation fund (road fund). Effective: June 20, 2005
History: Amended 2005 Ky. Acts ch. 85, sec. 603, effective June 20, 2005. -- Created 1980 Ky. Acts ch. 393, sec. 7, effective July 15, 1980.