{"data":{"id":"us-ky/krs-183.525","jurisdiction":"us-ky","citation":"KRS 183.525","heading":"Kentucky aviation economic development fund -- Sources and distribution","body":"of fund moneys -- Use of fund moneys -- Report.\n(1) The Kentucky aviation economic development fund is established in the State\nTreasury. Beginning on July 1, 2000, all r eceipts collected under KRS Chapter 139\nfrom the sales or use tax on aviation jet fuel shall be deposited in this fund.\n(2) The fund may also receive state appropriations, gifts, grants, and federal funds and\nshall include earnings from investments of moneys from the fund.\n(3) Any fund balance at the close of the fiscal year shall not lapse but shall be carried\nforward to the next fiscal year.\n(4) The cabinet shall use all moneys deposited in the fund or accruing to the fund for\nthe development, rehabilitat ion, and maintenance of publicly owned or operated\naviation facilities and for other aviation programs within the Commonwealth that\nwill benefit publicly owned or operated aviation facilities.\n(5) The cabinet shall be prohibited from expending moneys depos ited in the fund for\nadministrative costs incurred by the cabinet or for any purpose other than the\ndevelopment, rehabilitation, and maintenance of publicly owned or operated\naviation facilities and other aviation programs benefiting publicly owned or\noperated aviation facilities.\n(6) The cabinet shall, no later than October 1 of each year, submit a report on the use of\nfunds in the Kentucky aviation economic development fund for the previous fiscal\nyear to the General Assembly through the Legislative Research Commission.","path":["KRS Chapter 183"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=56096","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:34Z","sha256":"a0038115a4a68a203220b2b30aecb9f8471eeb0ff86ed1fb679bad2635cf61f1","source_id":"us-ky","stale":false,"prev":"us-ky/krs-183.520","next":"us-ky/krs-183.530"},"notice":"GroundRules: Original legal text. Not legal advice."}