Kentucky Statutes 45.780 – Emergency repair, maintenance, and replacement account
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(1) There is created within the capital construction fund the emergency repair, maintenance, and replacement account. The account shall consist of moneys appropriated to the fund by the General Assembly.
(2) The Finance and Administration Cabinet may transfer money from the emergency repair, maintenance, and replacement account to the allotment account of an emergency repair, replacement, or maintenance project, for expenditure thereon, even though the specific project is not included in any branch budget bill enacted for that biennium. Moneys may be transferred from the emergency repair, maintenance, and replacement account to the allotment account of an emergency repair, replacement, or maintenance project only if no other funding source is available.
(3) The Finance and Administration Cabinet shall report each transfer, including the necessity, purpose, and amount of the transfer, to the Capital Projects and Bond Oversight Committee not later than thirty (30) days after the transfer.
Effective: June 8, 2011
History: Amended 2011 Ky. Acts ch. 73, sec. 7, effective June 8, 2011. — Amended
1998 Ky. Acts ch. 27, sec. 2, effective July 15, 1998. — Amended 1994 Ky. Acts ch.
387, sec. 21, effective July 15, 1994. — Amended 1992 Ky. Acts ch. 47, sec. 5, effective July 14, 1992. — Amended 1982 Ky. Acts ch. 300, sec. 9, effective July 15,
1982. — Created 1979 (1st Extra. Sess.) Ky. Acts ch. 4, sec. 4, effective January 1,
1980.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, J, 1, (5) at 1692.
(2) The Finance and Administration Cabinet may transfer money from the emergency repair, maintenance, and replacement account to the allotment account of an emergency repair, replacement, or maintenance project, for expenditure thereon, even though the specific project is not included in any branch budget bill enacted for that biennium. Moneys may be transferred from the emergency repair, maintenance, and replacement account to the allotment account of an emergency repair, replacement, or maintenance project only if no other funding source is available.
Terms Used In Kentucky Statutes 45.780
- Biennium: means the two (2) year period commencing on July 1 in each even- numbered year and ending on June 30 in the ensuing even-numbered year. See Kentucky Statutes 446.010
- 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
- Oversight: Committee review of the activities of a Federal agency or program.
(3) The Finance and Administration Cabinet shall report each transfer, including the necessity, purpose, and amount of the transfer, to the Capital Projects and Bond Oversight Committee not later than thirty (30) days after the transfer.
Effective: June 8, 2011
History: Amended 2011 Ky. Acts ch. 73, sec. 7, effective June 8, 2011. — Amended
1998 Ky. Acts ch. 27, sec. 2, effective July 15, 1998. — Amended 1994 Ky. Acts ch.
387, sec. 21, effective July 15, 1994. — Amended 1992 Ky. Acts ch. 47, sec. 5, effective July 14, 1992. — Amended 1982 Ky. Acts ch. 300, sec. 9, effective July 15,
1982. — Created 1979 (1st Extra. Sess.) Ky. Acts ch. 4, sec. 4, effective January 1,
1980.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, J, 1, (5) at 1692.