KRS 224.50-880: Waste tire trust fund.

(1) A waste tire trust fund is established in the state treasury. The fund shall be used by

the cabinet for the following purposes:

(a) Properly managing waste tires;

(b) Paying the costs associated with any waste tire amnesty program established

by the cabinet that permits waste tires to be turned in without incurring fees,

charges, or penalties;

(c) Paying the Department of Revenue's costs of assessing and collecting the fee

established by KRS 224.50-868;

(d) Entering into the agreements described in KRS 224.50-876; and

(e) Awarding the grants described in KRS 224.50-878.

The cabinet shall utilize no more than twenty -five percent (25%) of the funds for

the administrative costs related to implementing the waste tire program. All

remaining funds shall be utiliz ed, in accordance with KRS 224.50 -850 to 224.50 -

880, for waste tire amnesty programs, crumb rubber grants, tire -derived fuel

programs, and other projects that will manage waste tires as appropriate to protect

human health, safety, and the environment, or to develop markets for waste tires.

(2) All interest earned on money in the fund shall be credited to the fund.

(3) Money unexpended at the end of a fiscal year shall not lapse to the general fund.

(4) Any money remaining in the waste tire trust fund establ ished by KRS 224.50 -820

shall be transferred to the fund established by this section.