Download as PDF
201.200 Limitation on expenditures -- Board may borrow money.
(1)
(2)
The board shall not in any one (1) year, expend for the maintenance of the
home and the carrying out of the purposes of this chapter, more than the total
sum derived through the appropriations for the year as provided in KRS
201.170, as supplemented by funds given to the board for such purposes and
the funds derived from the sale or income of property given to the board for
such purposes and by the income of the home for the year.
The board may borrow money on its own credit in anticipation of the revenue to
be derived from appropriations or other income for the fiscal year in which the
money is borrowed. For such purpose, the board may pledge the
appropriations authorized under KRS 201.160 and 201.170. No money
borrowed through the pledge of appropriations authorized under KRS 201.160
shall be expended for any purposes other than those named in that section;
and no money borrowed through the pledge of appropriations authorized under
KRS 201.170 shall be expended for any purposes other than those named in
that section.
Effective:June 17, 1954
History: Amended 1954 Ky. Acts ch. 169, sec. 5, effective June 17, 1954. -Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. secs. 938b-5, 938b-7.
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.
