Kentucky Statutes 136.656 – Distributions — County growth portion — State baseline portion
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All money deposited in the state baseline and local growth fund created under KRS
136.648 shall be distributed monthly, according to the same schedule for distribution from the gross revenues and excise tax fund, as follows:
(1) The county growth portion shall be distributed in accordance with the formulas established in KRS § 136.654.
(2) After the distribution required under subsection (1) of this section, the remaining balance shall be deposited in the general fund. This amount shall be known as the “state baseline portion,” which shall represent, if sufficient funds are available, eighty-four and four-tenths percent (84.4%) of the total amount deposited in the gross revenues and excise tax fund, minus the amount of distributions made under KRS § 136.652(1) and (3).
Effective: January 1, 2006
History: Created 2005 Ky. Acts ch. 168, sec. 116, effective January 1, 2006.
136.648 shall be distributed monthly, according to the same schedule for distribution from the gross revenues and excise tax fund, as follows:
Terms Used In Kentucky Statutes 136.656
- Baseline: Projection of the receipts, outlays, and other budget amounts that would ensue in the future without any change in existing policy. Baseline projections are used to gauge the extent to which proposed legislation, if enacted into law, would alter current spending and revenue levels.
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
(1) The county growth portion shall be distributed in accordance with the formulas established in KRS § 136.654.
(2) After the distribution required under subsection (1) of this section, the remaining balance shall be deposited in the general fund. This amount shall be known as the “state baseline portion,” which shall represent, if sufficient funds are available, eighty-four and four-tenths percent (84.4%) of the total amount deposited in the gross revenues and excise tax fund, minus the amount of distributions made under KRS § 136.652(1) and (3).
Effective: January 1, 2006
History: Created 2005 Ky. Acts ch. 168, sec. 116, effective January 1, 2006.