KRS 246.280: Deposit and use of funds and proceeds of Kentucky Rural Rehabilitation

Corporation assets.

Funds and the proceeds of the trust assets returned to the Commissioner of Agriculture

pursuant to KRS 246.270 which are not retransferred to the Secretary of A griculture of

the United States pursuant to KRS 246.275, shall be paid into the State Treasury and

carried in a separate account for use for such of the rural rehabilitation purposes

permissible under the charter of the now dissolved Kentucky Rural Rehabil itation

Corporation as may from time to time be agreed upon by the Commissioner and the

Secretary of Agriculture of the United States, subject to the applicable provisions of said

Public Law 499, or for the purposes of KRS 246.275.