KRS 198B.4037: Elevator safety program trust fund.

(1) The elevator safety program trust fund is created in the State Treasury as a separate

revolving fund to be administered by the department. The trust fund shall consist of

amounts deposited in the fund as provided in KRS 198B.530 and any other

proceeds from grants, contributions, appropriations, or other money made available

for the purposes of the trust fund.

(2) Notwithstanding KRS 45.229, any moneys remaining in the fund at the close of the

fiscal year shall not lapse but shall be carried forward to the n ext fiscal year to be

used for the purposes set forth in this section.

(3) Any interest earnings of the trust fund shall become a part of the trust fund and shall

not lapse.

(4) Trust fund moneys shall be used and are hereby appropriated for reasonable

administrative expenses associated with the elevator safety.