Kentucky Statutes 304.2-300 – Examination expense revolving fund
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(1) There is created in the State Treasury the “Examination Expense Revolving fund” for the use of the department. The commissioner shall promptly deposit all funds received under a statute requiring examination expenses to be paid by the party examined and deposited with the State Treasurer to the credit of the fund.
(2) Moneys for travel, per diem, compensation and other necessary and authorized expenses incurred by an examiner or other department representative in the examination of any person required to pay, and making payment of, the expense of examination pursuant to KRS § 304.2-290 shall be paid out of the examination expense revolving fund, upon approval of the commissioner.
(3) Moneys for travel and other necessary expenses assessed pursuant to KRS § 304.8-
190 shall be paid out of the examination expense revolving fund upon approval of the commissioner.
(4) If any amount in the revolving fund remains unexpended at the end of any fiscal year, that amount shall not lapse, but shall remain credited to the account and may be used during the succeeding year or years.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 947, effective July 15, 2010. — Amended
2004 Ky. Acts ch. 24, sec. 3, effective July 13, 2004. — Amended 1982 Ky. Acts ch.
320, sec. 6, effective July 15, 1982. — Amended 1976 Ky. Acts ch. 38, sec. 1, effective July 1, 1976. — Amended 1974 Ky. Acts ch. 210, sec. 4, effective June 21,
1974. — Created 1970 Ky. Acts ch. 301, subtit. 2, sec. 30.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, D, 11, (1) at 1664.
(2) Moneys for travel, per diem, compensation and other necessary and authorized expenses incurred by an examiner or other department representative in the examination of any person required to pay, and making payment of, the expense of examination pursuant to KRS § 304.2-290 shall be paid out of the examination expense revolving fund, upon approval of the commissioner.
Terms Used In Kentucky Statutes 304.2-300
- 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
- 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.
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
- Statute: A law passed by a legislature.
- Year: means calendar year. See Kentucky Statutes 446.010
(3) Moneys for travel and other necessary expenses assessed pursuant to KRS § 304.8-
190 shall be paid out of the examination expense revolving fund upon approval of the commissioner.
(4) If any amount in the revolving fund remains unexpended at the end of any fiscal year, that amount shall not lapse, but shall remain credited to the account and may be used during the succeeding year or years.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 947, effective July 15, 2010. — Amended
2004 Ky. Acts ch. 24, sec. 3, effective July 13, 2004. — Amended 1982 Ky. Acts ch.
320, sec. 6, effective July 15, 1982. — Amended 1976 Ky. Acts ch. 38, sec. 1, effective July 1, 1976. — Amended 1974 Ky. Acts ch. 210, sec. 4, effective June 21,
1974. — Created 1970 Ky. Acts ch. 301, subtit. 2, sec. 30.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, D, 11, (1) at 1664.