KRS 234.292: Annual assessment -- Requirements of council.

(1) The council shall establish the annual assessment subject to the limitations of KRS

234.288(3) to be paid by the owner of odorized propane at the time of odorization

or at the time of import of odorized propane into the state. The assessment shall be

made based on the volume of odorized propane sold for final use within the

Commonwealth.

(2) The assessment shall be listed as a separate line item on the bill and labeled

"Kentucky Propane Education and Research Assessment." Assessments collected

from purchasers of propane are payable to the council on a monthly basis and are

due by the twenty-fifth day of the month following the month of collection.

(3) The council may establish an alternative means of collecting the assessment if

another method is found to be more efficient or effective. The council may establish

a late payment charge and rate of interest to be imposed on any person who fails to

remit to the council any amount due by the date listed in subsection (2) of this

section.

(4) The council shall elec t its own chair and may elect other officers as necessary. The

council shall determine its business structure and adopt rules and bylaws for the

conduct of its business. The council shall establish procedures for the solicitation of

industry comments and r ecommendations on plans and programs financed by the

assessments.

(5) The council shall keep minutes, books, and records that clearly reflect all of the acts

and transactions of the council. The minutes, books, and records shall be made

available to the me mbers of the council, the commissioner, and persons paying the

assessment.

(6) The council shall, at the beginning of each fiscal year, prepare and submit to the

commissioner a budget. The commissioner shall review and comment on the

proposed budget.

(7) The books of the council shall be audited by a certified public accountant at least

once each fiscal year. Copies of the audit shall be provided to the members of the

council and the commissioner.

(8) The council may contract with an industry association ce rtified under KRS 234.280

for administrative and other services subject to the limitation in KRS 234.294(2).