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42.566 Allocation of appropriations.

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Page 1 of 1 42.566 Allocation of appropriations. (1) The funds appropriated by the General Assembly shall be expended in a manner consistent with the judgments and settlements, as amended, which produced the oil <br>overcharge refunds, as follows: <br>(a) The sum of five hundred thousand dollars (&#36;500,000) or eight percent (8%) of the amount appropriated each fiscal year, whichever is greater, shall be <br>distributed annually to the Energy and Environment Cabinet for expenditure <br>in the Institutional Conservation Program established pursuant to Part G of <br>Title III of the Energy Policy and Conservation Act, 42 U.S.C. secs. 6371 et <br>seq. The source of these funds shall be deemed to be the trust funds produced <br>by the Stripper Well litigation, In Re Department of Energy Stripper Well <br>Exemption Litigation, D.C. Kan., M.D.L. No. 378, and the Diamond <br>Shamrock litigation, Diamond Shamrock Refining Co. v. Standard Oil of <br>Indiana, D.C. Ind., Civil Action No. C-84-1432, and interest accumulated <br>thereon. (b) The balance of the trust funds appropriated for expenditure in any fiscal year shall be distributed to the Cabinet for Health and Family Services and <br>allocated as follows: <br>1. Forty percent (40%) of the trust funds received by the cabinet in any <br>fiscal year shall be allocated to the cabinet's program for weatherization <br>of low-income households established pursuant to Part A of the Energy <br>Conservation and Existing Buildings Act of 1976, 42 U.S.C. secs. 6861 <br>et seq.; and 2. Sixty percent (60%) of the trust funds received by the cabinet in any <br>fiscal year shall be allocated to the cabinet's program for energy crisis or <br>prevention services for low-income households established pursuant to <br>the Low-Income Home Energy Assistance Act of 1981, 42 U.S.C. secs. <br>8621 et seq. Effective: July 15, 2010 <br>History: Amended 2010 Ky. Acts ch. 24, sec. 33, effective July 15, 2010. -- Amended 2005 Ky. Acts ch. 99, sec. 103, effective June 20, 2005. -- Amended 1998 Ky. Acts <br>ch. 426, sec. 82, effective July 15, 1998. -- Amended 1990 Ky. Acts ch. 325, sec. 23, <br>effective July 13, 1990. -- Amended 1988 Ky. Acts ch. 10, sec. 2, effective February <br>19, 1988. -- Created 1986 Ky. Acts ch. 262, sec. 4, effective April 3, 1986.