Kentucky legislation · 2026 Regular Session
Kentucky HB792: AN ACT relating to the tobacco master settlement agreement fund.
Status: In committee, March 13, 2026
Amend KRS 248.655 to make a technical correction.
What the bill says
An act relating to the tobacco master settlement agreement fund.
From the introduced text:
AN ACT relating to the tobacco master settlement agreement fund. Be it enacted by the General Assembly of the Commonwealth of Kentucky: Section 1. KRS 248.655 is amended to read as follows: There is established in the State Treasury a fund to be known as the "Rural Development Fund." This fund shall exist for the purpose of receipt and expenditure of moneys to improve and promote agricultural development for residents of the Commonwealth. The fund may receive state appropriations, gifts, grants, and federal funds and shall be disbursed by the State Treasurer upon the warrant of the chairperson[chair] of the rural development board. Before and after July 1, 2000, fifty percent (50%) of the proceeds in the tobacco settlement agreement fund shall be deposited in this fund as provided under KRS 248.654. All investment income earned from moneys deposited in the fund shall accrue to the fund. The moneys in the fund shall not lapse at the close of any fiscal year but shall be carried forward in the next fiscal year for the purpose of the fund. The board shall develop and oversee the implementation of a strategic plan. The strategic plan shall identify both short-term and long-term goals and the appropriate oversights to measure progress toward achievement of those goals, and it shall be updated every two (2) …
Sponsors
- Michael Pollock (R, HD-051) · primary sponsor
Latest actions
- : returned to Agriculture (H)
- : 1st reading
- : taken from Agriculture (H)
- : to Agriculture (H)
- : to Committee on Committees (H)
- : introduced in House
Subjects: Funds, Tobacco, Agriculture
Common questions
- What is HB792?
- HB792 is a bill in the Kentucky Legislature (2026 Regular Session): AN ACT relating to the tobacco master settlement agreement fund.
- What does HB792 do?
- In its own words: An act relating to the tobacco master settlement agreement fund.
- What is the status of HB792?
- In committee as of March 13, 2026. Latest action: returned to Agriculture (H) (March 13, 2026).
- Who sponsored HB792?
- Michael Pollock (R, HD-051).
- Where is the official record for HB792?
- On the Kentucky Legislature website: https://apps.legislature.ky.gov/record/26rs/hb792.html
Source: official Kentucky record. Tracked by Delilah, AI for legislation across all 50 states and Congress.