.700   General fund -- Surplus fund account.

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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
subsection (6) of KRS 48.140.
(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.
(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: November 3, 1995
History: 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.
2006-2008 Budget Reference. See State/Executive Branch Budget, 2006 Ky. Acts ch.
252, Pt. III, 27., at 1400; and State/Executive Branch Budget Memorandum, 2006
Ky. Acts ch. 257, at 1607 (Final Budget Memorandum, at 67).
2004-2006 Budget Reference. See State/Executive Branch Budget, 2005 Ky. Acts
ch. 173, pt. III, 44., at 3149; and State/Executive Branch Budget Memorandum, 2005
Ky. Acts ch. 170, at 1629 (Final Budget Memorandum, at 50).