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48.710 Road fund -- Surplus fund account.
There is hereby created in the road 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 road fund as provided by
KRS 48.140(3);
(2) It shall contain all funds lapsed from moneys originating from road fund
receipts;
(3) It shall contain all receipts from the sale of surplus property purchased with
road fund receipts;
(4) It shall contain all road fund receipts in excess of estimates;
(5) It shall contain all moneys saved as a result of a reorganization of state
government operations funded by the road 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 road fund; and
(8) No expenditures shall be made from this account unless appropriated by the
General Assembly or unless required by 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. 18, effective June 25, 2009. -Amended 1990 Ky. Acts ch. 507, sec. 18, effective July 13, 1990. -- Created
1982 Ky. Acts ch. 440, sec. 29, effective July 1, 1983.
2014-2016 Budget Reference. See State/Executive Branch Budget, 2014 Ky. Acts
ch. 117, Pt. IX at 750.
2014-2016 Budget Reference. See Transportation Cabinet Budget, 2014 Ky. Acts
ch. 127, Pt. I, A, 4, (7) at 789.
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