42.480 Estimate of funds to be allocated -- Remittance of funds.
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42.480 Estimate of funds to be allocated -- Remittance of funds.
(1) On or before July 1, 1992, and each year thereafter, the commissioner of the
Department for Local Government shall provide the Cabinet for Economic <br>Development, the Kentucky Economic Development Finance Authority, and the <br>legislative body of each local government eligible for funds under the provisions of <br>KRS 42.450 to 42.495, an estimate of the funds that will be allocated to the local <br>government for fiscal year 1992-93, and each year thereafter.
(2) On or before the fifteenth of the first month of a quarter, the commissioner of the
Department for Local Government shall cause to be remitted to the legislative <br>bodies of the local governments eligible for funds from the local government <br>economic assistance fund, the funds allocated to the respective local governments <br>for the prior quarter; except that the remittance for the last quarter of a fiscal year <br>shall be made after the close of the fiscal year accounting records and shall be <br>adjusted to provide the balance of the annual allocation due the local government.
Effective: July 15, 2010 <br>History: Amended 2010 Ky. Acts ch. 117, sec. 30, effective July 15, 2010. -- Amended
2007 Ky. Acts ch. 47, sec. 24, effective June 26, 2007. -- Amended 2002 Ky. Acts <br>ch. 338, sec. 47, effective July 15, 2002. -- Amended 2001 Ky. Acts ch. 34, sec. 5, <br>effective June 21, 2001. -- Amended 1998 Ky. Acts ch. 69, sec. 14, effective July 15, <br>1998. -- Amended 1994 Ky. Acts ch. 499, sec. 9, effective July 15, 1994. </p>
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