KRS 248.701: Definitions for KRS 248.701 to 248.727.

As used in KRS 248.701 to 248.727, unless the context requires otherwise:

(1) "Board" means the Agricultural Development Board created by KRS 248.707;

(2) "Fund" means the agricultural development fund established in KRS 248.655 as the

"Rural Development Fund;"

(3) "Subcommittee" means the Tobacco Settlement Agreement Fund Oversight

Committee created by KRS 248.723;

(4) "Council" means an agricultural development council required by KRS 248.721;

(5) "Master Settlement Agreement" means the settlement agreeme nt dated November

23, 1998, entered into by the Commonwealth of Kentucky and major United States

tobacco product manufacturers; and

(6) "Phase II Agreement" means the National Tobacco Grower Settlement Trust

Agreement dated July 19, 1999, entered into by t obacco states and major tobacco

companies to compensate tobacco growers and quota owners for losses resulting

from the Master Settlement Agreement.