There Is a Newer Version of this Section
  1. 2025 Kentucky Rev. Stat.
  2. 2024 Kentucky Rev. Stat.
  3. 2023 Kentucky Rev. Stat.
  4. 2021 Kentucky Rev. Stat. (here)
  5. View All Versions
View Our Newest Version Here

2021 Kentucky Revised Statutes
Chapter 48 - Budget
48.140 Surplus expenditure plan to be included in each enacted branch budget bill -- Surplus in excess of two and one-half percent to accrue to surplus account.

Universal Citation:
KY Rev Stat § 48.140 (2021)
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.
Previous Next

Download as PDF
48.140 Surplus expenditure plan to be included in each enacted branch budget bill -- Surplus in excess of two and one-half percent to accrue to surplus account. (1) (2) (3) (4) (5) (6) The General Assembly shall include in each enacted branch budget bill a plan for the expenditure of a general fund or road fund surplus. If there is a surplus, the Office of State Budget Director shall notify all branches of government. Except as provided in KRS 48.705, any surplus in the general or road fund in excess of two and one-half percent (2.5%) of the enacted estimates shall not be expended but shall accrue to the surplus account of the general fund or road fund for investment until appropriated by the General Assembly. Unless required by the budget reduction provisions in a branch budget bill, no funds shall be transferred from one budget unit to another budget unit. Surplus funds in any account, unless a statute requires otherwise, shall lapse to the surplus account of the general fund for investment until appropriated by the General Assembly. Funds in the surplus account of the general fund may be used for current expenditures as authorized by the budget reduction provisions of a branch budget bill. Effective: June 25, 2009 History: Amended 2009 Ky. Acts ch. 78, sec. 7, effective June 25, 2009. -- Amended 1995 (3d Extra. Sess.) Ky. Acts ch. 2, sec. 3, effective November 3, 1995. -Amended 1990 Ky. Acts ch. 507, sec. 10, effective July 13, 1990. -- Amended 1988 Ky. Acts ch. 273, sec. 6, effective July 15, 1988. -- Created 1982 Ky. Acts ch. 450, sec. 14, effective July 1, 1983. 2020-2022 Budget Reference. See State/Executive Branch Budget, 2020 Ky. Acts ch. 92, Pt. VII, (1) at 943. 2020-2022 Budget Reference. See State/Executive Branch Budget, 2020 Ky. Acts ch. 92, Pt. IX at 943.
Previous Next
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.