2006 Kentucky Revised Statutes - .700   General fund -- Surplus fund account.

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).