There Is a Newer Version of the Kentucky Revised Statutes
  1. 2025 Kentucky Rev. Stat.
  2. 2024 Kentucky Rev. Stat.
  3. 2023 Kentucky Rev. Stat.
  4. 2011 Kentucky Rev. Stat. (here)
  5. View All Versions
View Our Newest Version Here

2011 Kentucky Revised Statutes
CHAPTER 68 COUNTY FINANCE AND COUNTY TREASURER
68.310 Limit of expenditures for first half of each fourth year.

Universal Citation:
KY Rev Stat § 68.310 (1996 through Reg Sess)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
Download pdf

68.310 Limit of expenditures for first half of each fourth year. Except in case of an emergency concerning which the county judge/executive, the fiscal court and the state local finance officer unanimously agree in writing, and, except for encumbrances or expenditures from the county's road fund, no county shall, during the first half of any fourth fiscal year, beginning with the fiscal year 1998-1999, encumber or expend more than sixty-five percent (65%) in any fund budgeted for that fiscal year, not counting as current funds any budgetary allotments for or payments of principal and interest of bonded indebtedness. Prior to encumbering or expending any funds from the road fund during the first half of any fourth fiscal year which exceed sixty-five percent (65%) of the amount budgeted, the fiscal court shall assure that there are sufficient funds remaining in the general fund to provide for the excess encumbrance or expenditure from the road fund on a dollar for dollar basis. Those excess funds shall remain in the general fund until on or after January 1 of that fiscal year. Effective: July 15, 1998 History: Amended 1998 Ky. Acts ch. 291, sec. 1, effective July 15, 1998. -- Amended 1980 Ky. Acts ch. 19, sec. 6, effective July 15, 1980. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 938q-17.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.