260.866 Industrial hemp research pilot program fund

(1) The industrial hemp research pilot program fund is hereby created as a separate trust fund in the State Treasury. The fund shall consist of amounts received from appropriations, and any other proceeds from gifts, grants, federal funds, application fees, or license fees provided by KRS 260.862, civil penalties as provided by KRS 260.864, and any other funds, both public and private, made available for purposes of KRS 260.850 to 260.869

(2) The industrial hemp research pilot program fund shall be administered by the department

(3) Amounts deposited in the industrial hemp research pilot program fund shall be used for the costs of personnel, program administration, testing, actual travel expenses of the advisory board established under KRS 260.860, and any other costs incurred while conducting the industrial hemp research pilot programs under KRS 260.850 to 260.869

(4) Notwithstanding KRS 45.229, the industrial hemp research pilot program fund amounts not expended at the close of a fiscal year shall not lapse but shall be carried forward into the next fiscal year

(5) Any interest earnings of the industrial hemp research pilot program fund shall become part of the fund and shall not lapse

(6) Moneys in the fund are hereby appropriated for the purposes set forth in this section and shall not be appropriated or transferred by the General Assembly for any other purposes unless the industrial hemp research pilot program is discontinued by the Commissioner as provided by KRS 260.867. If the program is discontinued, moneys remaining in the fund shall lapse to the general fund no later than one (1) year after notice of the program discontinuation, and the fund shall be closed

Effective:March 20, 2017 History: Created 2017 Ky. Acts ch. 45, sec. 8, effective March 20, 2017

Legislative Research Commission Note (3/20/2017). 2017 Ky. Acts ch. 45 contained 13 sections. Sections 1 to 10 of that Act amended, repealed and reenacted, or created statutes relating to the industrial hemp research program found in the statutory range of KRS 260.850 to 260.869. Sections 11 and 12 amended or created statutes in other KRS chapters, and Section 13 repealed some statutes within KRS 260.850 to 260.869. The correct reference should have been to only Sections 1 to 10 of this Act, the relevant range affecting the industrial hemp research program, and in codification the Reviser of Statutes has codified that language in this statute accordingly under the authority of KRS 7.136(1)(h) to correct manifest clerical or typographical errors