{"data":{"id":"us-ky/krs-350.500","jurisdiction":"us-ky","citation":"KRS 350.500","heading":"Definitions for KRS 350.500 to 350.521.","body":"As used in KRS 350.500 to 350.521, unless the context otherwise requires:\n(1) \"Actuarial soundness\" means the fund has achieved financial positioning such that\nthe collected revenues, including bond forfeiture amounts, and earned investment\nincome in aggre gate are sufficient to build reserves that can be reasonably\nanticipated to provide for the long -term future expected reclamation losses,\nincluding shock or catastrophic losses, loss adjustment expenses, and administrative\nexpenses associated with the fund's operation;\n(2) \"Date of establishment of the fund\" means July 1, 2013;\n(3) \"Kentucky reclamation guaranty fund\" or \"the fund\" means the fund established in\nKRS 350.503;\n(4) \"Reclamation Guaranty Fund Commission\" or \"commission\" means the\ncommission established in KRS 350.506; and\n(5) \"Voluntary bond pool fund\" means that bond pool fund established in KRS 350.700\nto 350.755, which are repealed by 2013 Ky. Acts ch. 78, sec. 12.","path":["KRS Chapter 350"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=41768","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:36Z","sha256":"c0fb55901f94849a1cb6ee0d90b870088ae5a2c79dbcbd1ca052a664b8ef8fd5","source_id":"us-ky","stale":false,"prev":"us-ky/krs-350.485","next":"us-ky/krs-350.503"},"notice":"GroundRules: Original legal text. Not legal advice."}