All funds credited to the state transportation fund (road fund), from severance tax collection, shall be used for the purposes of paying the annual lease rental payments to the Kentucky Turnpike Authority for resource recovery road projects. Any funds deposited to the credit of the transportation fund (road fund) in excess of the amount required for the annual lease payments shall revert at the close of the fiscal year to the credit of the general fund.
KRS 175.690
Use of funds
Applied in 1 court decision — leading case Blythe v. Transportation Cabinet of the Commonwealth (1983)
Most recently applied in Blythe v. Transportation Cabinet of the Commonwealth (August 1983)
History: Created 1976 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.