On July 1, 2021, the Kentucky rural innovation fund shall cease making any further investments and shall be suspended. All funds, investments, unallocated or unencumbered balances, rights, contractual rights and obligations, and earned income retained by the Kentucky rural innovation fund as of June 30, 2021, shall be transferred to the Kentucky enterprise fund and allocated and invested pursuant to the Kentucky enterprise fund's statutory mandate as provided in KRS 164.6019, 164.6021, and 164.6023. To the extent any costs are incurred in the transfer of such interests, those costs may be paid from the funds or from the general fund appropriation to the cabinet, as determined by the cabinet.
KRS 164.6027
Effective: June 29, 2021
Amended 2021 Ky. Acts ch. 185, sec. 137, effective June 29, 2021. -- Created 2000 Ky. Acts ch. 522, sec. 9, effective July 14, 2000.
Created 2000, Ky. Acts ch. 522, sec. 9, effective7/14/2000.
2020-2022 Budget Reference. See State/Executive Branch Budget, 2020 Ky. Acts ch. 92, Pt. I, B, 1, (3) at 867.