KRS § 142.135 Monthly transmittal of funds to board -- Retention of collection and administration fee -- Monthly report of receipts -- Restricted use of funds.

The department must send money to the board monthly, may keep up to 1% of collected amounts for actual operating and overhead costs, and must give the board monthly and quarterly reports. Funds held before transfer are restricted and cannot be treated as Commonwealth property or used for unauthorized transfers, loans,

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction: United States — Kentucky
Instrument: Act or statute
Version: Undated source snapshot
Language: en
Official source: View official record ↗

fund transfers reporting restricted use of funds

Publicly available, excluded from search-engine indexing

This page remains available for direct access and API use, but this release emits noindex,follow for the following reason:

The record does not meet this release's canonical indexing criteria. (market-indexing-disabled)

Statute overview

About this statute

Read the provisions Ask with citations

Search within this statute

Search all stored provisions in this version.

Legal text

Provisions of KRS § 142.135 Monthly transmittal of funds to board -- Retention of collection and administration fee -- Monthly report of receipts -- Restricted use of funds.

Showing 1 of 1

142.135
KRS § 142.135 Monthly transmittal of funds to board -- Retention of collection and administration fee -- Monthly report of receipts -- Restricted use of funds.
Verify source ↗

AI-assisted research summary: The department must send money to the board monthly, may keep up to 1% of collected amounts for actual operating and overhead costs, and must give the board monthly and quarterly reports. Funds held before transfer are restricted and cannot be treated as Commonwealth property or used for unauthorized transfers, loans, appropriations, or spending.

142.135 Monthly transmittal of funds to board -- Retention of collection and administration fee -- Monthly report of receipts -- Restricted use of funds. (1) The department shall transmit the amounts remitted to it by retailers as required by KRS 142.105 to the board on a monthly basis. From each deposit, the department may deduct an amount equal to the actual operating and overhead expenses incurred in the collection and administration of the CMRS prepaid service charge, not to exceed one percent (1%) of the amount collected. The department shall report its actual expenses to the board on a quarterly basis. (2) The department shall provide a monthly report of receipts from the CMRS prepaid service charge to the board. (3) Moneys held by the department prior to their transfer to the board shall not be considered property of the Commonwealth and shall not be subject to appropriation by the General Assembly. Such moneys shall not be: (a) Loaned to the Commonwealth or to any instrumentality or agency thereof; (b) Subject to transfer to the Commonwealth or any agency or instrumentality thereof, except for purposes specifically authorized by this section; or (c) Expended for any purpose other than a purpose authorized by KRS 65.7621 to 65.7643. Effective: January 1, 2017 History: Created 2016 Ky. Acts ch. 111, sec. 23, effective January 1, 2017.

Provision text is displayed from LexChat’s stored statute record. Use the official source links to verify amendments, commencement, and current legal force.

About this LexChat collection

Publisher and coverage

LexChat is published by Esheria. Coverage reflects the legislation currently mapped from identified source collections; it may be incomplete, delayed, or later corrected. The official source controls where it differs from this research page.

AI and research method

AI-generated material is explicitly labelled and published only through LexChat's quality controls. It is a research aid, not the source document.

Corrections and reporting

Report a source mismatch, factual issue, personal-data concern, or licensing question to support@esheria.co.ke. Include this page's URL and the supporting official source so the record can be reviewed, corrected, restricted, or withdrawn.

Legal-information disclaimer

LexChat provides legal information and research tools, not legal advice. Verify currency, status, citations, and jurisdiction with authoritative sources and a qualified professional where appropriate.

KRS § 142.135 Monthly transmittal of funds to board -- Retention of collection and administration fee -- Monthly report of receipts -- Restricted use of funds.

Publicly available, excluded from search-engine indexing

About this statute

Search within this statute

Provisions of KRS § 142.135 Monthly transmittal of funds to board -- Retention of collection and administration fee -- Monthly report of receipts -- Restricted use of funds.

Ask AI about this statute

Sign in to ask AI about this statute