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KRS 56.180

Use of fund -- Disposition of excess

Effective: March 31, 2025 History: Amended 2025 Ky

(1) On and after March 31, 2025, until June 30, 2030, if at the end of any fiscal year the moneys and securities to the credit of the Commonwealth's property and casualty insurance fund exceed one hundred million dollars ($100,000,000), that excess shall be transferred to the general fund.

(2) On and after July 1, 2030, if at the end of any fiscal year the moneys and securities to the credit of the Commonwealth's property and casualty insurance fund exceed ten million dollars ($10,000,000), that excess shall be transferred to the general fund.

(3) The moneys and securities to the credit of the Commonwealth's property and casualty insurance fund shall not be used for any purpose unrelated to fund operations.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.