48.950 Continuous budget information system -- Contents -- Responsibility for.
(1) In order to effectuate the constitutional power and duty of the General Assembly to
raise and appropriate revenue and approve and adopt a balanced budget, and in <br>order that members and committees of the General Assembly and the Legislative <br>Research Commission may be informed on a continuous basis about current and <br>prospective financial conditions and budgetary needs of the Commonwealth and its <br>budget units, the Kentucky General Assembly finds and declares that uniform <br>detailed budget data and records relating to expenditures, receipts and activities and <br>the budgetary operations of all budget units must be available in electronic and print <br>form to the General Assembly and the Legislative Research Commission on a <br>continuous and timely basis.
(2) The contents of all electronic and print forms, records, data and procedures
established under KRS 48.955 and 48.960 shall pertain to: <br>(a) The submission of budget unit requests and branch budget recommendations; <br>(b) The adoption of budget bills; <br>(c) The allotments under, and authorized adjustments and revisions to, the
enacted budget;
(d) The receipts and disbursements of budget funds pursuant to appropriations
enacted by the General Assembly; and
(e) The financial and budgetary conditions of the Commonwealth and branch
budget units.
These contents, forms and records shall be standard and uniform for all budget <br>units.
(3) The Governor, the Chief Justice and the Legislative Research Commission for their
respective branches and budget units, shall cause to be created, maintained and <br>transmitted in electronic form the data, records and procedures necessary to fulfill <br>the intent and purposes of KRS 48.955 and 48.960 and which may be provided by <br>KRS 48.955 and 48.960.
Effective: February 10, 1988 <br>History: Created 1988 Ky. Acts ch. 3, sec. 1, effective February 10, 1988.
48.950 Continuous budget information system -- Contents -- Responsibility for.
(1) In order to effectuate the constitutional power and duty of the General Assembly to
raise and appropriate revenue and approve and adopt a balanced budget, and in <br>order that members and committees of the General Assembly and the Legislative <br>Research Commission may be informed on a continuous basis about current and <br>prospective financial conditions and budgetary needs of the Commonwealth and its <br>budget units, the Kentucky General Assembly finds and declares that uniform <br>detailed budget data and records relating to expenditures, receipts and activities and <br>the budgetary operations of all budget units must be available in electronic and print <br>form to the General Assembly and the Legislative Research Commission on a <br>continuous and timely basis.
(2) The contents of all electronic and print forms, records, data and procedures
established under KRS 48.955 and 48.960 shall pertain to: <br>(a) The submission of budget unit requests and branch budget recommendations; <br>(b) The adoption of budget bills; <br>(c) The allotments under, and authorized adjustments and revisions to, the
enacted budget;
(d) The receipts and disbursements of budget funds pursuant to appropriations
enacted by the General Assembly; and
(e) The financial and budgetary conditions of the Commonwealth and branch
budget units.
These contents, forms and records shall be standard and uniform for all budget <br>units.
(3) The Governor, the Chief Justice and the Legislative Research Commission for their
respective branches and budget units, shall cause to be created, maintained and <br>transmitted in electronic form the data, records and procedures necessary to fulfill <br>the intent and purposes of KRS 48.955 and 48.960 and which may be provided by <br>KRS 48.955 and 48.960.
Effective: February 10, 1988 <br>History: Created 1988 Ky. Acts ch. 3, sec. 1, effective February 10, 1988.
48.950 Continuous budget information system -- Contents -- Responsibility for.
(1) In order to effectuate the constitutional power and duty of the General Assembly to
raise and appropriate revenue and approve and adopt a balanced budget, and in <br>order that members and committees of the General Assembly and the Legislative <br>Research Commission may be informed on a continuous basis about current and <br>prospective financial conditions and budgetary needs of the Commonwealth and its <br>budget units, the Kentucky General Assembly finds and declares that uniform <br>detailed budget data and records relating to expenditures, receipts and activities and <br>the budgetary operations of all budget units must be available in electronic and print <br>form to the General Assembly and the Legislative Research Commission on a <br>continuous and timely basis.
(2) The contents of all electronic and print forms, records, data and procedures
established under KRS 48.955 and 48.960 shall pertain to: <br>(a) The submission of budget unit requests and branch budget recommendations; <br>(b) The adoption of budget bills; <br>(c) The allotments under, and authorized adjustments and revisions to, the
enacted budget;
(d) The receipts and disbursements of budget funds pursuant to appropriations
enacted by the General Assembly; and
(e) The financial and budgetary conditions of the Commonwealth and branch
budget units.
These contents, forms and records shall be standard and uniform for all budget <br>units.
(3) The Governor, the Chief Justice and the Legislative Research Commission for their
respective branches and budget units, shall cause to be created, maintained and <br>transmitted in electronic form the data, records and procedures necessary to fulfill <br>the intent and purposes of KRS 48.955 and 48.960 and which may be provided by <br>KRS 48.955 and 48.960.
Effective: February 10, 1988 <br>History: Created 1988 Ky. Acts ch. 3, sec. 1, effective February 10, 1988.
