(1) All fees collected pursuant to this chapter, except those collected pursuant to KRS 165A.450, shall be deposited in the State Treasury in a trust and agency account of the Kentucky Commission on Proprietary Education and shall be used by the commission to defray the cost of administering and enforcing this chapter. (2) Notwithstanding KRS 45.229, any moneys remaining in the account at the end of the fiscal year shall not lapse but shall be carried forward to the next fiscal year. (3) Any interest earnings of the account shall become a part of the account and shall not lapse.
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