KRS 42.370: Amounts to be expended from fund.

(1) The maximum amount to be expended out of the area development fund for capital

projects within each area development district shall be calculated on the basis of the

following formula:

(a) Sixty percent (60%) of the fund is allocated for expenditure withi n each

district in the ratio that the population of the component counties bears to the

total population of the state.

(b) Twenty percent (20%) of the fund is allocated for expenditure in each district

in inverse proportion to the total manufacturing empl oyment conducted in

each such district.

(c) Twenty percent (20%) of the fund is allocated for expenditure in each district

in inverse proportion to the relative per capita income prevailing in each such

district.

(2) Any balance remaining in the fund at the close of any fiscal year shall not lapse, but

shall continue into and be available for expenditure during the next succeeding

fiscal year.