262

262.900 Definitions for KRS 262.900 to 262.920.

(1) As used in KRS 262.900 to 262.920, unless the context clearly indicates otherwise:

(a) "Agricultural conservation easement" or "easement" means an interest in land,

less than fee simple, which represents the right to restrict or prevent the

development or improvement of the land for purposes other than agricultural

production. The easement may be granted by the owner of the fee simple to

the Commonwealth or to a qualified organization described in Section 170(c)

of the Internal Revenue Code. It may be granted in perpetuity, as the

equivalent of the covenants running with the land.

(b) "Agricultural district" means a land use category created by voluntary

agreement between the Commonwealth and one (1) or more landowners under

Kentucky's agricultural district law, KRS 262.850, where the primary use of

land is and will remain to be agriculture.

crops, livestock and livestock products, and nursery and greenhouse products,

including the processing or retail marketing of these crops, livestock and

livestock products, and nursery and greenhouse products, if more than fifty

percent (50%) of those processed or merchandised products are produced by

the farm operator, and the raising and stabling of horses for commercial

purposes.

(d) "Applicant" means a person or qualified organization described in Section

170(c) of the Internal Revenue Code offering to sell to the PACE Corporation

under the PACE Program an easement on a tract of land which is in or

available for agricultural use.

(e) "ASCS" means the Agricultural Stabilization and Conservation Service of the

United States Department of Agriculture.

(f) "Bargain sale" means the sale of an easement by a landowner at a price below

appraised market value, when a portion of the value of the easement is

donated by the landowner in a properly executed document as a charitable

contribution to a qualified organization described in Section 170(c) of the

Internal Revenue Code.

(g) "Capability class" means a group of soils that have similar characteristics

when used for field crop production.

(h) "Comparable sales" means market sales of similar land. In locating

comparable sales, first priority shall be given to parcels located in the same

general vicinity. The second priority shall be given to farms located in other

areas.

(i) "Conservation plan" means a plan describing best land management practices,

including an installation schedule and maintenance program, which, when

completely implemented, will improve and maintain soil, water, and related

plant and animal resources of the land.

(j) "Contract of sale" means a legally enforceable agreement in a form provided

by the PACE Board obligating the owner of a farmland tract to sell and the

Commonwealth to purchase an easement or other less-than-fee interest on the

farmland tract.

(k) "Commonwealth funds" means money appropriated to the PACE Corporation

for the purchase of agricultural conservation easements.

(l) "Development" means the carrying out of any material change in the use or

appearance of land, or dividing into two (2) or more parcels.

(m) "Easement value" means the value per acre as determined by a numerical

point system or, if an appraisal is used, the difference between the unrestricted

value of a farm and its value as restricted by an easement. If only one (1)

appraisal is used, unrestricted value is equal to market value and restricted

value is equal to the value of the farm, subject to an agricultural conservation

easement. If the landowner obtains an independent appraisal, easement value

shall be calculated according to the average between the landowner's appraisal

and the numerical point system, or if the Commonwealth also obtains an

appraisal, the average between the landowner's appraisal and the

Commonwealth's appraisal.

(n) "Eligible land" means a farmland tract in which the Commonwealth may

acquire an agricultural conservation easement or other property interest as

provided by this section.

(o) "Farm" means land in the Commonwealth which is being used for or is

available for agricultural production as defined in this section.

(p) "Farmland tract" means land constituting all or part of a farm that is proposed

for the purchase of an agricultural conservation easement.

(q) "Farmland value" means the price as of the valuation date for property used

for normal farming operations, subject to the terms of an agricultural

conservation easement, which a willing and informed seller who is not

obligated to sell would accept for the property, and which a willing and

informed buyer who is not obligated to buy would pay for the property.

(r) "Fund" means the agricultural enhancement fund created by KRS 262.920.

(s) "Grantor" means the person or entity holding title to the farmland tract on

which an easement is conveyed.

(t) "Grazing or pasture land" means land used for horse paddocks or the growing

of grasses and legumes which are consumed by livestock in the field, and at

least ninety percent (90%) of which is clear of trees, shrubs, vines, or other

woody growth not consumed by livestock.

(u) "Harvested cropland" means land used for the commercial production of field

crops, fruit crops, vegetables, and horticultural specialties, such as flowers,

nursery stock, and ornamentals.

(v) "Horse paddock" means an enclosed area used for pasturing and exercising

horses.

(w) "Landowner" means a person holding title to land.

(x) "Market value" means the price as of the valuation date for the highest and

best use of the property which a willing and informed seller who is not

obligated to sell would accept for the property, and which a willing and

informed buyer who is not obligated to buy would pay for the property.

(y) "Nonprofit land conservation organization" means nonprofit organization

dedicated to land conservation purposes recognized by the Internal Revenue

Service as a tax-exempt organization under Section 170(c) of the Internal

Revenue Code.

(z) "PACE Corporation" means the Purchase of Agricultural Conservation

Easement Corporation created by KRS 262.906(1).

(aa) "PACE board" means the board of directors of the Purchase of Agricultural

Conservation Easement Corporation created by KRS 262.906(2).

(ab) "Qualified organization" means a tax-exempt organization described in

Section 170(c) of the Internal Revenue Code.

(ac) "Reserved life estate" means property deeded to a nonprofit organization

during an owner's lifetime with the owner retaining full use of and

responsibility for the property until the death of the last survivor of those

retaining life estates, whereupon, the responsibility of the property falls to the

nonprofit organization. The property owner is entitled to an income tax

deduction based on an appraised value and Internal Revenue Service actuarial

tables, and the taxable estate may also be reduced.

(ad) "Restricted land" means land and buildings, the use of which is subject to the

terms of an agricultural conservation easement.

(ae) "Restricted value" means the price as of the valuation date for property subject

to an agricultural conservation easement which a willing and informed seller

who is not obligated to sell would accept for the property, and which a willing

and informed buyer who is not obligated to buy would pay for the property.

(af) "Soils report" means a report which sets forth the amount and description of

each soil type and class found on a specific farm.

(ag) "Title report" means a report prepared by a person authorized by the state to

engage in the sale of title insurance or an attorney setting forth the existence of

any liens, restrictions, or other encumbrances on a farmland tract.

(ah) "Unrestricted value" means the current market value of a property.

(ai) "USDA" means the United States Department of Agriculture.

(aj) "USDA-SCS" means the Soil Conservation Service of the United States

Department of Agriculture.

(ak) "Viable agriculture land" means land suitable for agricultural production and

which will continue to be economically feasible for use if real estate taxes,

farm use restrictions, and interference with and constraints on normal farming

operations are limited to levels approximating those in commercial

agricultural areas not influenced by the proximity of urban and related

nonagricultural development.

Effective: July 15, 1994

History: Created 1994 Ky. Acts ch. 390, sec. 21, effective July 15, 1994.

262.902 Legislative findings.

(1) The General Assembly hereby finds and declares that it is a policy of the

Commonwealth to retain agriculture and enhance the contribution that agriculture

makes to its economy. A program to retain and enhance agriculture is in the

economic best interests of the Commonwealth and, consequently, constitutes a

public benefit that contributes to the health, safety, and general welfare of the

residents of the Commonwealth and the nation.

(2) The General Assembly further finds and declares that the use of the

Commonwealth's funds for the purpose of paying in whole or part the cost of

acquiring agricultural conservation easements as set forth in KRS 262.900 to

262.920, including any costs necessarily incident to the acquisition, sale, issuance,

and delivery of the funds, and the monitoring and enforcement of agricultural

conservation easements, or to the participation of any party for these purposes, will

promote the public health, safety, and general welfare of the people of the

Commonwealth.

(3) Further, it is the purpose of KRS 262.900 to 262.920 to:

(a) Establish procedures for the acquisition of agricultural conservation easements

in order to ensure that lands currently in agricultural use will continue to

remain available for agriculture and not be converted to other land uses, and

that landowners who participate in this program will be fairly compensated for

their agreement to accept deed restrictions limiting the use of their property;

(b) Encourage landowners to make a long-term commitment to agriculture by

offering them financial incentives and security that land use will remain

stable;

nonfarming uses that may render farming impracticable;

(d) Protect normal farming operations from complaints of public nuisance against

normal farming operations; and

(e) Maximize the use of agricultural conservation easement purchase funds and

protect the investment of taxpayers in agricultural conservation easements.

Effective: July 15, 1994

History: Created 1994 Ky. Acts ch. 390, sec. 19, effective July 15, 1994.

262.904 Acquisition of agricultural conservation easements by Commonwealth.

(1) The Commonwealth is hereby authorized to acquire agricultural conservation

easements or other property interests. The property interest acquired may be any

less-than-fee-simple interest, including an easement, life estate, covenant, or other

contractual right. Acquisition may be accomplished by purchase, gift, grant,

bequest, devise, covenant, or contract but only at a price that is equal to or less than

the appraised value as provided in this section. The Commonwealth shall purchase

these property interests only upon voluntary application of the landowner.

(2) If the landowner so elects, the Commonwealth is authorized to pay the purchase

price in a lump-sum single payment at the time of closing, to enter into contracts for

pay outs over a term of years against the purchase price, or to enter into installment

purchase agreements. When pay outs over time are made, the Commonwealth is

authorized to pay interest consistent with prevailing market conditions at the time of

the execution of the contract.

(3) The interest which the Commonwealth owns in property other than eligible lands

may be exchanged for property interests in eligible lands on an equivalent appraised

value basis. If the property exchanged is not exactly equal in appraised value, cash

payments may be made to provide net equivalent value in the exchange.

(4) After the Commonwealth acquires an agricultural conservation easement or some

property interest less than full ownership in any eligible land, the Commonwealth

may purchase the remaining agricultural rights or other property interest in the land

when the acquisition is necessary to maintain the agricultural uses of the property.

Effective: July 15, 1994

History: Created 1994 Ky. Acts ch. 390, sec. 20, effective July 15, 1994.

262.906 Purchase of Agricultural Conservation Easement (PACE) Corporation --

Board of Directors.

(1) There is hereby created the Purchase of Agricultural Conservation Easement

Corporation which shall oversee all issues involving purchases of agricultural

conservation easements. The corporation shall be a de jure municipal corporation

and political subdivision of the Commonwealth. The corporation shall be a public

agency within the meaning of KRS 61.805 and 61.870 and shall be attached for

administrative purposes to the Department of Agriculture.

(2) (a) The corporation shall be governed by a board of directors, consisting of the

following eleven (11) members: four (4) public directors who shall be the

Commissioner of the Department of Agriculture, the secretary of the

Environmental and Public Protection Cabinet, the dean of the University of

Kentucky College of Agriculture, and the chair of the Soil and Water

Conservation Commission, or their designees; and seven (7) private directors

who shall be appointed by the Governor, as follows:

1. One (1) private director from each of the six (6) congressional districts;

and

2. One (1) private director from a list of three (3) persons suggested by the

Kentucky Farm Bureau Federation, Inc.

(b) Initial appointment of the private directors by the Governor shall be for

staggered terms.

party. Members shall serve a term of four (4) years, with the exception of the

initial members, and may be reappointed. Vacancies shall be filled in the same

manner as the appointment is made.

(3) (a) Any member who has an ownership interest in any of the lands eligible for the

purchase of an agricultural conservation easement or other property interest

and who wishes to apply to sell an easement while serving on the board of

directors shall withdraw himself from all board activities prior to application

and until the transaction is complete. The Governor shall appoint an interim

member to fill the vacancy until the transaction is complete.

(b) Any person who has previously applied for or sold an agricultural

conservation easement may serve on the board.

(4) Members shall not be compensated for their services but shall be reimbursed for

expenses incurred in the performance of their duties.

Effective: July 15, 1994

History:Created 1994 Ky. Acts ch. 390, sec. 22, effective July 15, 1994.

Legislative Research Commission Note (6/20/2005). 2005 Ky. Acts chs. 11, 85, 95, 97,

98, 99, 123, and 181 instruct the Reviser of Statutes to correct statutory references to

agencies and officers whose names have been changed in 2005 legislation confirming

the reorganization of the executive branch. Such a correction has been made in this

section.

262.908 Responsibilities of board.

(1) The PACE board shall have the following responsibilities:

(a) Implementing a Purchase of Agricultural Conservation Easement Program in

the Commonwealth as provided by this section, including the development

and promulgation of any administrative regulations required;

(b) Making decisions in connection with each specific easement purchase to be

made with Commonwealth funds from the agricultural enhancement fund;

agricultural conservation easements or other property interests are to be

acquired, applying the criteria set forth in this section and administrative

regulations; and

(d) Employing the staff necessary to implement the provisions of this section.

(2) (a) The PACE board shall establish fair, equitable, objective, nondiscriminatory

procedures for determining easement purchase priorities.

(b) The board shall promulgate administrative regulations establishing policies

and procedures for determining easement purchase priorities and for

purchasing easements.

easement purchase because it will make a significant contribution to

agricultural production.

Effective: July 15, 1994

History: Created 1994 Ky. Acts ch. 390, sec. 23, effective July 15, 1994.

262.910 Use of restricted land during term of easement.

(1) During the term of an easement, the restricted land shall be used solely for the

production of crops, livestock and livestock products, and nursery and greenhouse

products including the processing or retail marketing of these crops, livestock and

livestock products, and nursery and greenhouse products if more than fifty percent

(50%) of the processed or merchandised products are produced on the subject land,

and for the raising and stabling of horses for commercial purposes. For the purposes

of this section and administrative regulations promulgated under its provisions,

"crops, livestock and livestock products, and nursery and greenhouse products"

include, but are not limited to:

(a) Tobacco;

(b) Wheat, soybeans, corn, and all commercially-produced fruits and vegetables;

ornamental trees, and flowers;

(d) Livestock and livestock products, including horses, cattle, poultry, milk,

swine, and eggs; and

(e) Aquatic plants and animals and their by-products.

(2) (a) During the term of an easement the landowner and the landowner's assigns,

agents, or leasees shall not perform, nor knowingly allow others to perform,

any act on or affecting the restricted land that is inconsistent with the

provisions of this section. The landowner shall be deemed to have authorized

the PACE board to enforce these provisions.

(b) Unless otherwise specified, the landowner shall not be required to take any

action to restore the condition of the restricted land after any act of God or

other event over which the landowner had no control.

restriction on the use of the property imposed by law.

(d) The Commonwealth shall not locate landfills, sewage treatment plants, or

other public service facilities that are not compatible with or complimentary to

agricultural production on restricted lands.

(3) (a) To retain the agricultural viability of the restricted land, the PACE board shall

require, and the owner of the restricted land shall implement, a conservation

plan approved by the soil and water conservation district. This plan shall be

updated every ten (10) years and any time the basic farming operation

conducted on restricted lands is changed. All farming operations shall be

conducted substantially in accordance with the plan.

(b) In addition to the requirements established by the soil and water conservation

district, the conservation plan shall require that:

1. The use of the land for growing sod, nursery stock, and ornamental trees

and shrubs does not remove excessive soil from the restricted land;

2. The excavation of soil, sand, gravel, stone, or other materials for use in

agricultural production on the restricted land is consistent with

subsection (4)(h) of this section and is conducted in a location and

manner that retains the viability of the restricted land for agricultural

production; and

3. The mining of minerals is consistent with subsection (4)(h) of this

section and is conducted only through the use of methods which will not

interfere with the viability of the restricted land for agricultural

production.

(4) The construction or reconstruction of any building or other structure, except those

existing on the date of the easement or previously approved by the PACE board, is

prohibited except in accordance with this subsection.

(a) Existing fences may be repaired and replaced, and new fences may be built

anywhere on the restricted land for purposes of reasonable and customary

management of livestock and wildlife, without approval of the PACE board.

(b) New buildings and other structures and improvements to be used solely for

agricultural purposes including the processing or sale of farm products

predominantly grown or raised on the restricted land, but not including any

dwelling or farm labor housing, may not be built on the restricted land without

the advance approval of the PACE board. The PACE board shall give

approval within a reasonable time, unless it determines that the proposed

building, structure, or improvement would not be properly located or would

significantly diminish the agricultural production capacity of the restricted

land.

enlarged, and replaced at their current locations without further permission of

the PACE board. No new single-family residential dwellings may be built on

the restricted land without the advance approval of the PACE board. The

PACE board shall give approval within a reasonable time, unless it determines

that a proposed dwelling would not be properly located or would significantly

diminish the agricultural production capacity of the restricted land.

(d) The subdivision of the restricted land, whether by physical or legal process, is

prohibited without the advance written approval of the PACE board. The

PACE board shall give approval within a reasonable time, unless it determines

that the proposed subdivision will diminish or impair the agricultural

productivity of the restricted land.

(e) The granting of rights-of-way through restricted land for the installation of,

transportation of, or use of, lines for water, sewage, electric, telephone, gas,

oil or oil products is permitted. The term "granting of rights-of-way" includes

the right to construct or install the lines. The construction or installation of

utility lines other than the types stated in this paragraph is prohibited on the

restricted land.

(f) No portion of the restricted land shall be paved or otherwise be covered with

concrete, asphalt, gravel, or any other paving material, nor shall any road for

access or other purposes be constructed, without the advance written approval

of the PACE board. The PACE board shall give approval within a reasonable

time, unless it determines that the proposed paving or covering of the soil, or

the location of any road, will substantially diminish or impair the agricultural

productivity of the restricted land.

(g) Trees may be cut to control insects and disease, to prevent personal injury and

property damage, and for firewood and other domestic uses, including

construction of permitted buildings and fences on the restricted land. Trees

may also be cut to clear land for cultivation or use of livestock, but only if

done in accordance with the conservation plan required by subsection (3) of

this section. Any commercial timber harvesting on the restricted land shall be

conducted on a sustainable yield basis and in substantial accordance with a

forest management plan prepared by a competent professional forester.

(h) The mining or extraction of soil, sand, gravel, rock, oil, natural gas, fuel or

any other mineral substance, using any method that disturbs the surface of the

land, is prohibited without the advance written approval of the PACE board.

The PACE board shall give approval within a reasonable time, unless it

determines that the proposed mining or extraction will substantially diminish

or impair the agricultural productivity of the restricted land.

(i) The dumping or accumulation of any kind of trash or refuse on the restricted

land is prohibited. However, this shall not prevent the storage of agricultural

products and by-products on the restricted land, so long as it is done in

accordance with all applicable laws, administrative regulations, and

ordinances.

(j) Golf courses are prohibited on the restricted land. Buildings and facilities for

any other public or private recreational use may not be built on the restricted

land without the advance written approval of the PACE board. The PACE

board shall not give approval unless it determines that the proposed use or

facilities will not substantially diminish or impair the agricultural productivity

of the restricted land.

(5) Landowners shall retain the right to perform any act not specifically prohibited or

limited by this section and administrative regulations promulgated under its

provisions. These ownership rights include, but are not limited to, the right to

exclude any member of the public from trespassing on the restricted land and the

right to sell or otherwise transfer the restricted land to anyone of the landowner's

choice.

Effective: July 15, 1994

History: Created 1994 Ky. Acts ch. 390, sec. 24, effective July 15, 1994.

262.912 Responsibilities of landowner during term of easement.

Other than as specified within this section, this section and administrative regulations

promulgated under its provisions are not intended to impose any legal or other

responsibility on the PACE board or in any way to affect any existing obligation of the

landowner as owner of the restricted land. Accordingly:

(1) The landowner shall continue to be solely responsible for payment of all taxes and

assessments levied against the restricted land.

(2) The landowner shall continue to be solely responsible for the upkeep and

maintenance of the restricted land, to the extent it may be required by law. The

PACE board and the Commonwealth shall have no obligation for the upkeep or

maintenance of the restricted land.

Effective: July 15, 1994

History: Created 1994 Ky. Acts ch. 390, sec. 25, effective July 15, 1994.

262.914 Contents of deed conveying interest in restricted land.

A deed conveying an interest in the restricted land shall set forth the language of the

assessment restrictions verbatim. Within thirty (30) days of a change in ownership of the

restricted land, the prior owner shall notify the PACE board in writing of the name and

address of the new owner, together with the volume and page of the deed book in which

the transfer has been recorded.

Effective: July 15, 1994

History: Created 1994 Ky. Acts ch. 390, sec. 26, effective July 15, 1994.

262.916 Legal action by board for violation of easement.

(1) If the PACE board finds what it believes is a violation of the terms of any easement

by the property owner, it may take appropriate legal action. Except when an

ongoing or imminent violation could irreversibly diminish or impair the agricultural

productivity of the restricted land, the PACE board shall give the landowners

written notice of the violation and sixty (60) days to correct it, before taking legal

action.

(2) The owner of the restricted land shall bear all costs associated with the correction of

a violation of the easement, including:

(a) Costs of work required and materials used to correct the violation and restore

the restricted land to its condition prior to the violation;

(b) Administrative costs incurred by the PACE board; and

enforcing the easement.

Effective: July 15, 1994

History: Created 1994 Ky. Acts ch. 390, sec. 27, effective July 15, 1994.

262.918 Legal action by grantor for termination of easement.

(1) (a) A grantor may terminate an easement, in whole or in part, only by filing an

action in the Franklin Circuit Court, and demonstrating by clear and

convincing evidence that conditions on or surrounding the land subject to an

agricultural conservation easement have changed so much that agriculture is

no longer viable and it has become impossible to fulfill any of the easement's

conservation purposes. The grantor shall name the PACE Corporation as the

defendant in the action.

(b) In the event that a finding is made by the court that a portion of the land

subject to the agricultural conservation easement is no longer suitable for

agricultural purposes, the owner shall, at the owner's expense, provide a

survey of the land area on which the agricultural conservation easement is to

be terminated.

(2) (a) No agricultural conservation easement or portion thereof which has been

purchased with Commonwealth funds shall be terminated by the court except

upon payment by the grantor to the PACE Corporation of its then fair value.

The value of the easement shall be established by one of the following two

methods, as determined by the court:

1. The owner shall pay the PACE Corporation an amount equal in current

dollars to the full cost of acquiring and monitoring the easement during

its full duration, plus reasonable interest as determined by court; or

2. The owner shall pay the PACE Corporation an amount equal to the

easement's current market value as determined by independent appraisal,

performed at the owner's expense and satisfactory to the

Commonwealth.

(b) The PACE Corporation shall place the proceeds from the termination of the

easement in the agricultural enhancement fund and use the proceeds consistent

with the purposes of KRS 262.900 to 262.920.

Effective: July 15, 1994

History: Created 1994 Ky. Acts ch. 390, sec. 28, effective July 15, 1994.

262.920 Agricultural Enhancement Fund.

(1) (a) There is hereby created by this section a special fund in the State Treasury

which shall be known as the "Agricultural Enhancement Fund." There shall be

deposited in the fund:

1. Moneys received by the Commonwealth, from whatever source and by

whatever means, as gifts for purposes of retaining agricultural lands and

supporting and abetting agricultural practices and activities which shall

improve conservation and natural resource protection practices, enhance

the viability of the agriculture industry, and expand the economic

contribution that agriculture makes to the Commonwealth;

2. Moneys received by the Commonwealth, from whatever source and by

whatever means, as grants or loans for purposes of retaining agricultural

lands and supporting and abetting agricultural practices and activities

which shall improve conservation and natural resource protection

practices, enhance the viability of the agriculture industry, and expand

the economic contribution that agriculture makes to the Commonwealth;

3. Moneys received by the Commonwealth including proceeds of bonds

issued for the purpose of funding the PACE Program as dedicated

sources of revenue for the fund; and

4. Moneys appropriated to the fund.

(b) The fund shall be in the custody of the Commonwealth. All or any part of

these funds may be invested in any securities in which public funds may

lawfully be invested. All income derived from investments shall be paid into

the fund and become a part thereof. The moneys so invested shall at all times

be subject to withdrawal from investment for use as provided in this

subsection.

for:

1. The acquisition of agricultural conservation easements on eligible lands

within the Commonwealth;

2. The acquisition of options to purchase agricultural conservation

easements on eligible lands within the Commonwealth;

3. The costs of appraisal, engineering, surveying, planning, financial, legal,

and other services, and applicable personnel costs lawfully incurred

incident to the acquisition of agricultural conservation easements in

eligible lands and for monitoring and enforcing easements on restricted

lands;

4. The costs incident to the sale, issuance, and delivery of bonds, and to

securing funds from other revenue sources for the fund;

5. The provision of guarantees for loans that farmers participating in the

PACE Program may need to seek from lending institutions in order to

carry out agricultural operations, including loans for annual agricultural

production, agriculture- and conservation-related improvements, and

changes in the types of and methods employed for agricultural

production on farmland tracts enrolled in the PACE Program; and

6. Other expenditures as specified by the PACE board, providing that the

expenditures are consistent with KRS 262.900 to 262.920 and

administrative regulations promulgated by the PACE board and are for

the express purpose of retaining agricultural lands, supporting and

abetting agricultural lands, and supporting and abetting agricultural

practices and activities which shall improve conservation and natural

resource protection practices, enhance the viability of the agriculture

industry, and expand the economic contribution that agriculture makes

to the Commonwealth.

(d) No more than ten percent (10%) of the moneys in the fund shall be expended

in any one (1) fiscal year to administer KRS 262.900 to 262.920.

Effective: July 15, 1994

History: Created 1994 Ky. Acts ch. 390, sec. 29, effective July 15, 1994.