State Codes and Statutes

Statutes > Kentucky > 045-00 > 229

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45.229 Appropriations -- Lapsing. (1) No state officer or budget unit shall, after the close of any fiscal year, incur, or vote, order, or approve the incurring of, any obligation or expenditure under any <br>appropriation for that fiscal year, and no expenditure shall be made from or charged <br>to any appropriation for any fiscal year that has expired at the time the obligation of <br>the expenditure was incurred. (2) The Finance and Administration Cabinet may, for a period of thirty (30) days after the close of any fiscal year, draw warrants against the available balances of <br>appropriations made for that fiscal year, for the payment of expenditures incurred <br>during that year or in fulfillment of contracts properly made during that year, but for <br>no other purpose. Except as provided in KRS 48.705, after the expiration of thirty <br>(30) days from the beginning of each fiscal year, all balances of appropriations for <br>the prior fiscal year shall lapse to the surplus account of the general fund or road <br>fund unless a branch budget bill provides that the appropriation from which the <br>expenditures shall be paid does not lapse. No further payments shall be made on any <br>claims on account of expenditures of the prior fiscal year. Effective: November 3, 1995 <br>History: Amended 1995 (3d Extra. Sess.) Ky. Acts ch. 2, sec. 2, effective November 3, 1995. -- Amended 1990 Ky. Acts ch. 507, sec. 2, effective July 13, 1990. -- Created <br>1982 Ky. Acts ch. 450, sec. 36, effective July 1, 1983.

State Codes and Statutes

Statutes > Kentucky > 045-00 > 229

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45.229 Appropriations -- Lapsing. (1) No state officer or budget unit shall, after the close of any fiscal year, incur, or vote, order, or approve the incurring of, any obligation or expenditure under any <br>appropriation for that fiscal year, and no expenditure shall be made from or charged <br>to any appropriation for any fiscal year that has expired at the time the obligation of <br>the expenditure was incurred. (2) The Finance and Administration Cabinet may, for a period of thirty (30) days after the close of any fiscal year, draw warrants against the available balances of <br>appropriations made for that fiscal year, for the payment of expenditures incurred <br>during that year or in fulfillment of contracts properly made during that year, but for <br>no other purpose. Except as provided in KRS 48.705, after the expiration of thirty <br>(30) days from the beginning of each fiscal year, all balances of appropriations for <br>the prior fiscal year shall lapse to the surplus account of the general fund or road <br>fund unless a branch budget bill provides that the appropriation from which the <br>expenditures shall be paid does not lapse. No further payments shall be made on any <br>claims on account of expenditures of the prior fiscal year. Effective: November 3, 1995 <br>History: Amended 1995 (3d Extra. Sess.) Ky. Acts ch. 2, sec. 2, effective November 3, 1995. -- Amended 1990 Ky. Acts ch. 507, sec. 2, effective July 13, 1990. -- Created <br>1982 Ky. Acts ch. 450, sec. 36, effective July 1, 1983.

State Codes and Statutes

State Codes and Statutes

Statutes > Kentucky > 045-00 > 229

Download pdf
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45.229 Appropriations -- Lapsing. (1) No state officer or budget unit shall, after the close of any fiscal year, incur, or vote, order, or approve the incurring of, any obligation or expenditure under any <br>appropriation for that fiscal year, and no expenditure shall be made from or charged <br>to any appropriation for any fiscal year that has expired at the time the obligation of <br>the expenditure was incurred. (2) The Finance and Administration Cabinet may, for a period of thirty (30) days after the close of any fiscal year, draw warrants against the available balances of <br>appropriations made for that fiscal year, for the payment of expenditures incurred <br>during that year or in fulfillment of contracts properly made during that year, but for <br>no other purpose. Except as provided in KRS 48.705, after the expiration of thirty <br>(30) days from the beginning of each fiscal year, all balances of appropriations for <br>the prior fiscal year shall lapse to the surplus account of the general fund or road <br>fund unless a branch budget bill provides that the appropriation from which the <br>expenditures shall be paid does not lapse. No further payments shall be made on any <br>claims on account of expenditures of the prior fiscal year. Effective: November 3, 1995 <br>History: Amended 1995 (3d Extra. Sess.) Ky. Acts ch. 2, sec. 2, effective November 3, 1995. -- Amended 1990 Ky. Acts ch. 507, sec. 2, effective July 13, 1990. -- Created <br>1982 Ky. Acts ch. 450, sec. 36, effective July 1, 1983.