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Kentucky Revised Statutes Title VI. Financial Administration § 42.566.Energy assistance trust fund; allocation of appropriations

Current as of January 01, 2025 | Updated by Findlaw Staff

The funds appropriated by the General Assembly from the energy assistance trust fund shall be expended in a manner consistent with the judgments and settlements, as amended, which produced the oil overcharge refunds, as follows:

(1) The sum of five hundred thousand dollars ($500,000) or eight percent (8%) of the amount appropriated each fiscal year, whichever is greater, shall be distributed annually to the Energy and Environment Cabinet for expenditure in the Institutional Conservation Program established pursuant to Part G of Title III of the Energy Policy and Conservation Act, 42 U.S.C. secs. 6371 et seq. The source of these funds shall be deemed to be the trust funds produced by the Stripper Well litigation, In Re Department of Energy Stripper Well Exemption Litigation, D.C. Kan., M.D.L. No. 378, and the Diamond Shamrock litigation, Diamond Shamrock Refining Co. v. Standard Oil of Indiana, D.C. Ind., Civil Action No. C-84-1432, and interest accumulated thereon; and

(2) The balance of the trust funds appropriated for expenditure in any fiscal year shall be distributed as follows:

(a) Forty percent (40%) to the Finance and Administration Cabinet to be allocated to the cabinet's program for weatherization of low-income households established pursuant to Part A of the Energy Conservation and Existing Buildings Act of 1976, 42 U.S.C. secs. 6861 et seq.; and

(b) Sixty percent (60%) to the Cabinet for Health and Family Services to be allocated to the cabinet's program for energy crisis or prevention services for low-income households established pursuant to the Low-Income Home Energy Assistance Act of 1981, 42 U.S.C. secs. 8621 et seq.

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Cite this article: FindLaw.com - Kentucky Revised Statutes Title VI. Financial Administration § 42.566.Energy assistance trust fund; allocation of appropriations - last updated January 01, 2025 | https://codes.findlaw.com/ky/title-vi-financial-administration/ky-rev-st-sect-42-566/

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