48.700 General fund -- Surplus fund account.
There is hereby created in the general fund of the State Treasury a surplus fund account <br>subject to the following terms and conditions: <br>(1) It shall contain all surplus tax receipts accruing to the general fund as provided by
KRS 48.140(3);
(2) Except as provided in KRS 48.705, it shall contain all funds lapsed from general
fund receipts not otherwise appropriated;
(3) It shall contain all receipts from the sale of surplus property purchased with general
fund tax receipts and not otherwise appropriated;
(4) Except as provided in KRS 48.705, it shall contain all general fund tax revenues in
excess of estimates;
(5) It shall contain all moneys saved as a result of a reorganization of state government
operations funded by the general fund;
(6) Funds in the account shall be invested at interest and the interest shall also accrue to
this account;
(7) It shall contain any other funds which are required by law or regulation to accrue to
the surplus account of the general fund; and
(8) No expenditures shall be made from this account unless appropriated by the General
Assembly or unless required by the budget reduction provisions of a branch budget <br>bill, or as provided by KRS 48.130.
Effective: June 25, 2009 <br>History: Amended 2009 Ky. Acts ch. 78, sec. 16, effective June 25, 2009. -- Amended
1995 (3d Extra. Sess.) Ky. Acts ch. 2, sec. 5, effective November 3, 1995. -- <br>Amended 1990 Ky. Acts ch. 507, sec. 17, effective July 13, 1990. -- Created 1982 <br>Ky. Acts ch. 450, sec. 28, effective July 1, 1983.
48.700 General fund -- Surplus fund account.
There is hereby created in the general fund of the State Treasury a surplus fund account <br>subject to the following terms and conditions: <br>(1) It shall contain all surplus tax receipts accruing to the general fund as provided by
KRS 48.140(3);
(2) Except as provided in KRS 48.705, it shall contain all funds lapsed from general
fund receipts not otherwise appropriated;
(3) It shall contain all receipts from the sale of surplus property purchased with general
fund tax receipts and not otherwise appropriated;
(4) Except as provided in KRS 48.705, it shall contain all general fund tax revenues in
excess of estimates;
(5) It shall contain all moneys saved as a result of a reorganization of state government
operations funded by the general fund;
(6) Funds in the account shall be invested at interest and the interest shall also accrue to
this account;
(7) It shall contain any other funds which are required by law or regulation to accrue to
the surplus account of the general fund; and
(8) No expenditures shall be made from this account unless appropriated by the General
Assembly or unless required by the budget reduction provisions of a branch budget <br>bill, or as provided by KRS 48.130.
Effective: June 25, 2009 <br>History: Amended 2009 Ky. Acts ch. 78, sec. 16, effective June 25, 2009. -- Amended
1995 (3d Extra. Sess.) Ky. Acts ch. 2, sec. 5, effective November 3, 1995. -- <br>Amended 1990 Ky. Acts ch. 507, sec. 17, effective July 13, 1990. -- Created 1982 <br>Ky. Acts ch. 450, sec. 28, effective July 1, 1983.
48.700 General fund -- Surplus fund account.
There is hereby created in the general fund of the State Treasury a surplus fund account <br>subject to the following terms and conditions: <br>(1) It shall contain all surplus tax receipts accruing to the general fund as provided by
KRS 48.140(3);
(2) Except as provided in KRS 48.705, it shall contain all funds lapsed from general
fund receipts not otherwise appropriated;
(3) It shall contain all receipts from the sale of surplus property purchased with general
fund tax receipts and not otherwise appropriated;
(4) Except as provided in KRS 48.705, it shall contain all general fund tax revenues in
excess of estimates;
(5) It shall contain all moneys saved as a result of a reorganization of state government
operations funded by the general fund;
(6) Funds in the account shall be invested at interest and the interest shall also accrue to
this account;
(7) It shall contain any other funds which are required by law or regulation to accrue to
the surplus account of the general fund; and
(8) No expenditures shall be made from this account unless appropriated by the General
Assembly or unless required by the budget reduction provisions of a branch budget <br>bill, or as provided by KRS 48.130.
Effective: June 25, 2009 <br>History: Amended 2009 Ky. Acts ch. 78, sec. 16, effective June 25, 2009. -- Amended
1995 (3d Extra. Sess.) Ky. Acts ch. 2, sec. 5, effective November 3, 1995. -- <br>Amended 1990 Ky. Acts ch. 507, sec. 17, effective July 13, 1990. -- Created 1982 <br>Ky. Acts ch. 450, sec. 28, effective July 1, 1983.
