Skip to main content
Find a Lawyer

Kentucky Revised Statutes Title VI. Financial Administration § 42.370.Amounts to be expended from fund

Current as of January 01, 2021 | Updated by FindLaw Staff

(1) The maximum amount to be expended out of the area development fund for capital projects within each area development district shall be calculated on the basis of the following formula:

(a) Sixty percent (60%) of the fund is allocated for expenditure within each district in the ratio that the population of the component counties bears to the total population of the state.

(b) Twenty percent (20%) of the fund is allocated for expenditure in each district in inverse proportion to the total manufacturing employment conducted in each such district.

(c) Twenty percent (20%) of the fund is allocated for expenditure in each district in inverse proportion to the relative per capita income prevailing in each such district.

(2) Any balance remaining in the fund at the close of any fiscal year shall not lapse, but shall continue into and be available for expenditure during the next succeeding fiscal year.

Back to chapter list
Previous part of code Next part of code
Back to chapter list

Cite this article: FindLaw.com - Kentucky Revised Statutes Title VI. Financial Administration § 42.370.Amounts to be expended from fund - last updated January 01, 2021 | https://codes.findlaw.com/ky/title-vi-financial-administration/ky-rev-st-sect-42-370/

Read this complete Kentucky Revised Statutes Title VI. Financial Administration § 42.370.Amounts to be expended from fund on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Was this helpful?

Search all Kentucky Codes

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About the Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to find an attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

    More Options
    Copied to clipboard