Kentucky Statutes 179.415 – Payment of pro rata share of funds appropriated to counties
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(1) On and after the fiscal year beginning July 1, 1980, and each fiscal year thereafter, the Department for Local Government shall pay to each county its pro rata share of any funds appropriated and any unexpended balance of funds appropriated for construction, reconstruction, improvement, and maintenance of county roads and bridges. During each fiscal year, the Department for Local Government shall make quarterly payments to each such county of the funds allocated in accordance with KRS § 177.369.
(2) The expenditure of any money received by the county in accordance with the provisions of subsection (1) of this section shall be made solely for the purpose of construction, reconstruction, improvement, and maintenance of county roads and bridges.
(3) Any county which has received any money in accordance with the provisions of subsection (1) of this section shall retain all records of the expenditure of the money for a period of five (5) years and said records shall be subject to audit by the Department for Local Government for said period of time in order to determine the proper expenditure of said money for the purpose required by KRS § 179.410.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 117, sec. 81, effective July 15, 2010. — Amended
2007 Ky. Acts ch. 47, sec. 85, effective June 26, 2007. — Amended 1998 Ky. Acts ch. 69, sec. 68, effective July 15, 1998. — Amended 1986 Ky. Acts ch. 374, sec. 13, effective July 15, 1986. — Created 1980 Ky. Acts ch. 218, sec. 14, effective July 1,
1980.
(2) The expenditure of any money received by the county in accordance with the provisions of subsection (1) of this section shall be made solely for the purpose of construction, reconstruction, improvement, and maintenance of county roads and bridges.
Terms Used In Kentucky Statutes 179.415
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Year: means calendar year. See Kentucky Statutes 446.010
(3) Any county which has received any money in accordance with the provisions of subsection (1) of this section shall retain all records of the expenditure of the money for a period of five (5) years and said records shall be subject to audit by the Department for Local Government for said period of time in order to determine the proper expenditure of said money for the purpose required by KRS § 179.410.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 117, sec. 81, effective July 15, 2010. — Amended
2007 Ky. Acts ch. 47, sec. 85, effective June 26, 2007. — Amended 1998 Ky. Acts ch. 69, sec. 68, effective July 15, 1998. — Amended 1986 Ky. Acts ch. 374, sec. 13, effective July 15, 1986. — Created 1980 Ky. Acts ch. 218, sec. 14, effective July 1,
1980.