Kentucky Statutes 148.810 – Use of moneys in fund
Current as of: 2024 | Check for updates
|
Other versions
(1) Funds in the park capital maintenance and renovation fund shall be used for the maintenance and renovation of park facilities. Maintenance shall include equipment purchases, used primarily in the maintenance of infrastructure and park facilities, and expenditures related to preventative maintenance of capital assets. Renovation includes the replacement of depreciable assets, including furnishings, and purchase of depreciable assets which enhance the quality of the parks.
(2) In no case shall the moneys from the fund be expended on: (a) New capital project construction;
(b) Any new maintenance or renovation project estimated to cost four hundred thousand dollars ($400,000) or more in cash or other consideration; or
(c) Any new item of equipment estimated to cost one hundred thousand dollars
($100,000) or more in cash or other consideration.
(3) Moneys in the park capital maintenance and renovation fund may be used to provide additional funding for any capital project, as defined in KRS § 45.750, that received line item authorization from the General Assembly in any executive branch budget bill only if the state budget director or the director’s designee submits the proposed allocation to the Capital Projects and Bond Oversight Committee at least fourteen (14) days prior to the committee meeting, in accordance with the provisions of KRS § 45.800.
(4) Notwithstanding the provisions of KRS § 45.760(6), moneys in the park capital maintenance and renovation fund shall not be used to provide additional funding for any capital project, as defined in KRS § 45.750, that received line item authorization from the General Assembly in any executive branch budget bill, and that has already received maximum additional funding as permitted by KRS § 45.760(6) unless the state budget director or the director’s designee submits the proposed allocation to the Capital Projects and Bond Oversight Committee at least fourteen (14) days prior to the committee meeting, in accordance with the provisions of KRS
45.800. In addition to the requirements of KRS § 45.800, the submission shall include a written certification that:
(a) Due to extraordinary circumstances, which shall be described, additional funds are necessary for the project to be completed in a manner that will allow it to serve its intended purpose; and
(b) The use of funds from the parks capital maintenance and renovation fund do not unduly compromise the routine maintenance and renovation needs that the fund was created to address.
(5) The commissioner shall, by September 1 of each year, report to the Legislative Research Commission the receipts, expenditures, and any amounts carried forward for the fiscal year ending on June 30 of that year from the fund established in KRS
148.800.
Effective: June 25, 2009
History: Amended 2009 Ky. Acts ch. 78, sec. 38, effective June 25, 2009. — Amended
1998 Ky. Acts ch. 26, sec. 1, effective July 15, 1998. — Created 1994 Ky. Acts ch.
433, sec. 3, effective July 15, 1994.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, L, 4, (1) at 1703.
(2) In no case shall the moneys from the fund be expended on: (a) New capital project construction;
Terms Used In Kentucky Statutes 148.810
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- branch budget: means an enactment by the General Assembly which provides appropriations and establishes fiscal policies and conditions for the biennial financial plan for the judicial branch, the legislative branch, and the executive branch, which shall include a separate budget bill for the Transportation Cabinet. See Kentucky Statutes 446.010
- Commission: means the State Property and Buildings Commission. See Kentucky Statutes 148.001
- Commissioner: means the commissioner of parks. See Kentucky Statutes 148.001
- 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.
- Oversight: Committee review of the activities of a Federal agency or program.
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
- Year: means calendar year. See Kentucky Statutes 446.010
(b) Any new maintenance or renovation project estimated to cost four hundred thousand dollars ($400,000) or more in cash or other consideration; or
(c) Any new item of equipment estimated to cost one hundred thousand dollars
($100,000) or more in cash or other consideration.
(3) Moneys in the park capital maintenance and renovation fund may be used to provide additional funding for any capital project, as defined in KRS § 45.750, that received line item authorization from the General Assembly in any executive branch budget bill only if the state budget director or the director’s designee submits the proposed allocation to the Capital Projects and Bond Oversight Committee at least fourteen (14) days prior to the committee meeting, in accordance with the provisions of KRS § 45.800.
(4) Notwithstanding the provisions of KRS § 45.760(6), moneys in the park capital maintenance and renovation fund shall not be used to provide additional funding for any capital project, as defined in KRS § 45.750, that received line item authorization from the General Assembly in any executive branch budget bill, and that has already received maximum additional funding as permitted by KRS § 45.760(6) unless the state budget director or the director’s designee submits the proposed allocation to the Capital Projects and Bond Oversight Committee at least fourteen (14) days prior to the committee meeting, in accordance with the provisions of KRS
45.800. In addition to the requirements of KRS § 45.800, the submission shall include a written certification that:
(a) Due to extraordinary circumstances, which shall be described, additional funds are necessary for the project to be completed in a manner that will allow it to serve its intended purpose; and
(b) The use of funds from the parks capital maintenance and renovation fund do not unduly compromise the routine maintenance and renovation needs that the fund was created to address.
(5) The commissioner shall, by September 1 of each year, report to the Legislative Research Commission the receipts, expenditures, and any amounts carried forward for the fiscal year ending on June 30 of that year from the fund established in KRS
148.800.
Effective: June 25, 2009
History: Amended 2009 Ky. Acts ch. 78, sec. 38, effective June 25, 2009. — Amended
1998 Ky. Acts ch. 26, sec. 1, effective July 15, 1998. — Created 1994 Ky. Acts ch.
433, sec. 3, effective July 15, 1994.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, L, 4, (1) at 1703.