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175.810 Economic development road account -- Transfer of funds to account.

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175.810 Economic development road account -- Transfer of funds to account. The Transportation Cabinet shall certify to the commissioner of the Department of <br>Revenue by October 1 of each fiscal year the amount required for lease rental payments to <br>the Kentucky Turnpike Authority for economic development road projects. Upon <br>receiving such certification, the commissioner of the Department of Revenue shall cause <br>said amount to be deposited from road fund receipts to the credit of the economic <br>development road account, hereby created, in the transportation fund (road fund). Such <br>taxes collected in excess of the amount required to be deposited to the economic <br>development road account in the transportation fund (road fund) shall be deposited by the <br>Department of Revenue to the credit of the transportation fund (road fund). Effective: June 20, 2005 <br>History: Amended 2005 Ky. Acts ch. 85, sec. 603, effective June 20, 2005. -- Created 1980 Ky. Acts ch. 393, sec. 7, effective July 15, 1980.