Kentucky Statutes 41.260 – Transfer of deposits among state depositories
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Whenever the Treasurer decides to transfer any deposit of public money from one (1) state depository to another, the Treasurer shall notify the Finance and Administration Cabinet, describing the proposed transfer and the deposit of money to be transferred. On receipt of the notification the Finance and Administration Cabinet shall register the proposed transfer and issue its warrant for the amounts specified by the Treasurer. When the transfers have been completed the Treasurer shall immediately notify the Finance and Administration Cabinet.
Effective: June 29, 2021
History: Amended 2021 Ky. Acts ch. 155, sec. 14, effective June 29, 2021. — Amended
1998 Ky. Acts ch. 118, sec. 11, effective July 15, 1998. — Amended 1974 Ky. Acts ch. 74, Art II, sec. 9(1). — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 1992b-48.
Effective: June 29, 2021
Terms Used In Kentucky Statutes 41.260
- State depository: means any bank designated to take custody of state funds on deposit pursuant to KRS §. See Kentucky Statutes 41.010
- Warrant: means a printed or electronic authorization from the Finance and
Administration Cabinet for the Treasurer to issue a check. See Kentucky Statutes 41.010
History: Amended 2021 Ky. Acts ch. 155, sec. 14, effective June 29, 2021. — Amended
1998 Ky. Acts ch. 118, sec. 11, effective July 15, 1998. — Amended 1974 Ky. Acts ch. 74, Art II, sec. 9(1). — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 1992b-48.