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2011 Kentucky Revised Statutes
CHAPTER 68 COUNTY FINANCE AND COUNTY TREASURER
68.120 Surplus in special fund to revert to general fund -- Return to special reserve fund for similar purpose.


KY Rev Stat § 68.120 (1996 through Reg Sess) What's This?
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68.120 Surplus in special fund to revert to general fund -- Return to special reserve fund for similar purpose. Where the special object or purpose for which a tax was levied has been accomplished, any amount remaining in the special fund shall become a part of the general revenue fund of the county. In any county where all or any part of a special fund so transferred to the general fund remains unexpended and has not been commingled with other funds in such a way as to lose its identification, the county may return the same to a special reserve fund for an object or purpose similar to that for which the fund was originally accumulated and may invest the same in investments in which other funds of the county may lawfully be invested until such time as it is necessary to expend the fund for such purpose. History: Amended 1942 Ky. Acts ch. 188, sec. 2. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4281u-5.

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