There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
CHAPTER 48 BUDGET
48.140 Surplus expenditure plan to be included in each enacted branch budget bill -- Surplus in excess of two and one-half percent to accrue to surplus account.
Download pdfbut shall accrue to the surplus account of the general fund or road fund for
investment until appropriated by the General Assembly. (4) Unless required by the budget reduction provisions in a branch budget bill, no funds shall be transferred from one budget unit to another budget unit. (5) Surplus funds in any account, unless a statute requires otherwise, shall lapse to the surplus account of the general fund for investment until appropriated by the General
Assembly. (6) Funds in the surplus account of the general fund may be used for current expenditures as authorized by the budget reduction provisions of a branch budget
bill. Effective: June 25, 2009
History: Amended 2009 Ky. Acts ch. 78, sec. 7, effective June 25, 2009. -- Amended 1995 (3d Extra. Sess.) Ky. Acts ch. 2, sec. 3, effective November 3, 1995. --
Amended 1990 Ky. Acts ch. 507, sec. 10, effective July 13, 1990. -- Amended 1988
Ky. Acts ch. 273, sec. 6, effective July 15, 1988. -- Created 1982 Ky. Acts ch. 450,
sec. 14, effective July 1, 1983.
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