248.701 Definitions for KRS 248.701 to 248.727. As used in KRS 248.701 to 248.727, unless the context requires otherwise: (1) 'Board' means the Agricultural Development Board created by KRS 248.707; (2) 'Fund' means the agricultural development fund established in KRS 248.655 as the 'Rural Development F und;' (3) 'Subcommittee' means the Tobacco Settlement Agreement Fund Oversight Committee created by KRS 248.723; (4) 'Council' means an agricultural development council required by KRS 248.721; (5) 'Master Settlement Agreement' means the settlement agreeme nt dated November 23, 1998, entered into by the Commonwealth of Kentucky and major United States tobacco product manufacturers; and (6) 'Phase II Agreement' means the National Tobacco Grower Settlement Trust Agreement dated July 19, 1999, entered into by t obacco states and major tobacco companies to compensate tobacco growers and quota owners for losses resulting from the Master Settlement Agreement. Effective: April 26, 2000 History: Created 2000 Ky. Acts ch. 530, sec. 1, effective April 26, 2000.
Kentucky Legal Code