{"data":{"id":"us-ky/krs-278.150","jurisdiction":"us-ky","citation":"KRS 278.150","heading":"Payment of assessments -- Certification of deduction by commission --","body":"Administration of funds collected.\n(1) The commission shall, on or before June 1, certify to the Department of Revenue\nand the Finance and Administration Cabinet the amount  of intrastate business of\neach utility in the state subject to its jurisdiction during the previous calendar year.\nThe commission shall, when certifying the intrastate sales of retail electric\nsuppliers, deduct from such sales one -half (1/2) of the applic able wholesale power\ncosts, provided the utility from which such wholesale power purchases were made\npays assessment on the full wholesale value of its gross intrastate sales in Kentucky.\nWhen certifying the intrastate sales of retail electric suppliers no t subject to the\njurisdiction of the commission for rates, the commission shall deduct one -half (1/2)\nof their actual intrastate sales. All utilities classified as retail electric suppliers shall\npay assessments based on the amount of intrastate sales less  deductions as certified\nby the commission.\n(2) The Department of Revenue shall collect and pay the assessment into the State\nTreasury to the credit of the general expenditure fund. All such assessments shall be\npaid into the State Treasury through the Dep artment of Revenue on or before July\n31 of the year in which the assessments are made.\n(3) If any amount in the special fund for the maintenance of the commission remains\nunexpended at the end of any fiscal year, that amount shall not lapse, but shall\nremain credited to the account of the commission and may be used during any\nsucceeding year.","path":["KRS Chapter 278"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=57957","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:29Z","sha256":"6a5effad8aea328a0d5a638a00fead66886f4466e174c9ef2779ed59491c5639","source_id":"us-ky","stale":false,"prev":"us-ky/krs-278.140","next":"us-ky/krs-278.160"},"notice":"GroundRules: Original legal text. Not legal advice."}