147A.315 Community endowment fund.
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<![CDATA[ Page 1 of 1 147A.315 Community endowment fund. (1) The community endowment fund is established as a separate trust and agency account in the State Treasury. The fund shall consist of funds appropriated from the <br>general fund, and any other proceeds from appropriations, contributions, gifts, or <br>grants made available for the purposes of the fund. (2) Notwithstanding KRS 45.229, any moneys remaining in the fund at the close of a fiscal year shall not lapse but shall be carried forward to the next fiscal year. (3) Any interest earnings of the fund shall become a part of the fund and shall not lapse. <br>(4) The fund shall be administered by the Department for Local Government, and moneys in the fund shall be used to provide grants under KRS 147A.320. Effective: July 15, 2010 <br>History: Created 2010 Ky. Acts ch. 71, sec. 4, effective July 15, 2010. <br>Legislative Research Commission Note (7/15/2010). A reference to the "Governor's Office for Local Development" in subsection (4) of this section, as created by 2010 <br>Ky. Acts ch. 71, sec. 4, has been changed in codification to the "Department for <br>Local Government" to reflect the renaming of that agency in Executive Order 2009-<br>540, which was confirmed by the General Assembly in 2010 Ky. Acts ch. 117. This <br>change was made by the Reviser of Statutes pursuant to 2010 Ky. Acts ch. 117, sec. <br>90. ]]>