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154.20.105 Use of reclamation development fund.

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154.20-105 Use of reclamation development fund. Moneys in the reclamation development fund: <br>(1) Shall be used to foster reclamation development projects described in a reclamation development plan submitted to the authority as part of the application for <br>reclamation development fund moneys, except that no money in the reclamation <br>development fund shall be used for any reclamation development project until the <br>reclamation development plan with respect to that project has been approved by the <br>Energy and Environment Cabinet pursuant to KRS Chapter 350; and (2) May be made available to any person or entity, public or private, organized for profit or not for profit; and (3) Shall be made on the terms and conditions the authority, in its sole discretion, determines to be reasonable, appropriate, and consistent with the purposes and <br>objectives of the authority and this chapter, which may include, but not be limited <br>to, the pledging of adequate security. Effective: July 15, 2010 <br>History: Amended 2010 Ky. Acts ch. 24, sec. 196, effective July 15, 2010. -- Created 1988 Ky. Acts ch. 383, sec. 16, effective July 15, 1988. Formerly codified as KRS 154.061