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48.700 General fund -- Surplus fund account.
There is hereby created in the general fund of the State Treasury a surplus fund
account subject to the following terms and conditions:
(1) It shall contain all surplus tax receipts accruing to the general fund as provided
by KRS 48.140(3);
(2) Except as provided in KRS 48.705, it shall contain all funds lapsed from
general fund receipts not otherwise appropriated;
(3) It shall contain all receipts from the sale of surplus property purchased with
general fund tax receipts and not otherwise appropriated;
(4) Except as provided in KRS 48.705, it shall contain all general fund tax
revenues in excess of estimates;
(5) It shall contain all moneys saved as a result of a reorganization of state
government operations funded by the general fund;
(6) Funds in the account shall be invested at interest and the interest shall also
accrue to this account;
(7) It shall contain any other funds which are required by law or regulation to
accrue to the surplus account of the general fund; and
(8) No expenditures shall be made from this account unless appropriated by the
General Assembly or unless required by the budget reduction provisions of a
branch budget bill, or as provided by KRS 48.130.
Effective:June 25, 2009
History: Amended 2009 Ky. Acts ch. 78, sec. 16, effective June 25, 2009. -Amended 1995 (3d Extra. Sess.) Ky. Acts ch. 2, sec. 5, effective November 3,
1995. -- Amended 1990 Ky. Acts ch. 507, sec. 17, effective July 13, 1990. -Created 1982 Ky. Acts ch. 450, sec. 28, effective July 1, 1983.
2014-2016 Budget Reference. See State/Executive Branch Budget, 2014 Ky. Acts
ch. 117, Pt. III, 25 at 741.
2014-2016 Budget Reference. See State/Executive Branch Budget, 2014 Ky. Acts
ch. 117, Pt. VII, (1) at 750.
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