KRS 41.400: Child victims' trust fund -- Limitation on disbursement.

(1) The child victims' trust fund is created as a separate fund in the office of the State

Treasurer. The fund shall be expended only as provided in this section.

(2) The State Treasurer shall credit to the trust fund all amounts received for this

purpose and any amounts received under KRS 141.440.

(3) The State Treasurer shall invest trust fund money in the same manner as surplus

funds are invested. Earnings shall be credited to the trust fund.

(4) Until the total amount of assets in the trust fund exceeds twe nty million dollars

($20,000,000), not more than one -half of the money contributed to the trust fund

each year, plus the earnings credited to the trust fund during the previous fiscal year,

and the money earned by the sale of child victims' trust fund lice nse plates pursuant

to KRS Chapter 186, shall be available for disbursement upon the authorization of

the state board as provided in KRS 15.935. After such time that the State Treasurer

certifies that the assets in the trust fund exceed twenty million doll ars

($20,000,000), only the earnings credited to the trust fund shall be available for

disbursement upon the authorization of the state board as provided in KRS 15.935.

(5) Funds granted or funds received as gifts or donations to the child victims' trust f und

shall be available for disbursement upon appropriation by the General Assembly,

and funds authorized for expenditure shall not be considered assets for purposes of

subsection (4) of this section.