224.50 -880 Waste tire trust fund. (1) A waste tire trust fund is established in the state treasury. The fund shall be used by the cabinet for the following purposes: (a) Properly managing waste tires; (b) Paying the costs associated with any waste tire amnesty program established by the cabine t that permits waste tires to be turned in without incurring fees, charges, or penalties; (c) Paying the Department of Revenue's costs of assessing and collecting the fee established by KRS 224.50 -868; (d) Entering into the agreements described in KRS 224. 50-876; and (e) Awarding the grants described in KRS 224.50 -878. The cabinet shall utilize no more than twenty -five percent (25%) of the funds for the administrative costs related to implementing the waste tire program. All remaining funds shall be utiliz ed, in accordance with KRS 224.50 -850 to 224.50 - 880, for waste tire amnesty programs, crumb rubber grants, tire -derived fuel programs, and other projects that will manage waste tires as appropriate to protect human health, safety, and the environment, or t o develop markets for waste tires. (2) All interest earned on money in the fund shall be credited to the fund. ge waste tires as appropriate to protect human health, safety, and the environment, or t o develop markets for waste tires. (2) All interest earned on money in the fund shall be credited to the fund. (3) Money unexpended at the end of a fiscal year shall not lapse to the general fund. (4) Any money remaining in the waste tire trust fund establ ished by KRS 224.50 -820 shall be transferred to the fund established by this section. Effective: June 8, 2011 History: Amended 2011 Ky. Acts ch. 34, sec. 5, effective June 8, 2011. -- Amended 2005 Ky. Acts ch. 85, sec. 631, effective June 20, 2005. -- Amen ded 2002 Ky. Acts ch. 46, sec. 3, effective July 15, 2002. -- Created 1998 Ky. Acts ch. 529, sec. 16, effective July 15, 1998. 2020 -2022 Budget Reference. See State/Executive Branch Budget, 2020 Ky. Acts ch. 92, Pt. V, C, 2 at 940.
Kentucky Legal Code