2006 Kentucky Revised Statutes - .350   Revolving fund of board -- Petty cash fund.

313.350 Revolving fund of board -- Petty cash fund. (1) All fees imposed and collected under the provisions of KRS 313.040 to 313.470 shall be paid to the secretary-treasurer of the board and shall be deposited in the State Treasury to the credit of a revolving fund for the exclusive use of the board. All disbursements by the board in the transactions of its business and in the enforcement of the provisions of this chapter shall be paid out of such revolving fund as claims against the state in accordance with the provisions of KRS Chapters 45 and 45A. (2) The board may establish a petty cash fund not to exceed one thousand dollars ($1,000) for the purpose of making disbursements requiring prompt cash outlay, and to carry out the provisions of KRS 45A.045 applying to the delegation of authority to purchase. Effective: July 13, 1990 History: Amended 1990 Ky. Acts ch. 496, sec. 60, effective July 13, 1990. -- Amended 1966 Ky. Acts ch. 255, sec. 247. -- Amended 1964 Ky. Acts ch. 12, sec. 22. -- Created 1942 Ky. Acts ch. 60, sec. 10. 2004-2006 Budget Reference. See State/Executive Branch Budget, 2005 Ky. Acts ch. 173, pt. V, A.16., at 3151; and State/Executive Branch Budget Memorandum, 2005 Ky. Acts ch. 170, at 1578 (Final Budget Memorandum, at 7). Page 1 of 1