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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) The cabinet and the State Treasurer may employ such assistance and incur such expenses as are necessary to carry out the purposes of KRS 56.065 to 56.180.
(2) All such expenses may be debited against the Commonwealth's property and casualty insurance fund, and paid on warrant of the cabinet, but the total of such expenses during any fiscal year shall not exceed ten percent (10%) of the total receipts of the fund during the same fiscal year.
(3) If such expenses are incurred at a time when there is not a sufficient amount in the fund to pay them, they shall constitute a prior claim to be paid out of the first receipts of the fund thereafter before any damages on account of insured losses are paid.
Cite this article: FindLaw.com - Kentucky Revised Statutes Title VII. Public Property and Public Printing § 56.150.Expenses of administration - last updated January 01, 2025 | https://codes.findlaw.com/ky/title-vii-public-property-and-public-printing/ky-rev-st-sect-56-150/
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 before relying on it for your legal needs.
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