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.
2010-2012 Budget Reference. See Transportation Cabinet Budget, 2010 (1st Extra.
Sess.) StateKy. Acts ch. 3, Pt. I, A, 4, (11) at 193.
2010-2012 Budget Reference. See State/Executive Branch Budget, 2010 (1st Extra.
Sess.) Ky. Acts ch. 1, Pt. IX at 148.
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