Where do the fees collected by the Kentucky Board of Auctioneers go?

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The fees collected by the Kentucky Board of Auctioneers are allocated to the State Treasury, which is responsible for managing state funds. This process ensures that the revenue generated from licensing and regulatory activities contributes to the overall financial support of state operations, including various public services and programs. The fees do not benefit individual board members, private associations, or specific businesses, but rather are integrated into the general state budget, which is used for the welfare of the citizens and the infrastructure of the state government. This system emphasizes accountability and transparency in how the funds derived from the regulation of the auction industry are used.

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