Kentucky Statutes 441.207 – Local corrections assistance fund
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(1) The local corrections assistance fund is created as a separate revolving fund to be administered by the department. The fund shall consist of amounts transferred to the fund pursuant to KRS § 196.288, along with any other proceeds from grants, contributions, appropriations, or other moneys made available for purposes of the fund.
(2) Notwithstanding KRS § 45.229, amounts not expended at the close of a fiscal year shall not lapse but shall be carried forward to the next fiscal year.
(3) Any interest earnings from the fund shall become a part of the fund and shall not lapse.
(4) Moneys in the fund shall accrue to the fund and shall be retained in the fund until the General Assembly establishes a statutory process and method for distributing the funds to local correctional facilities and programs.
Effective: June 8, 2011
History: Created 2011 Ky. Acts ch. 2, sec. 69, effective June 8, 2011.
Legislative Research Commission Note (6/8/2011). 2011 Ky. Acts ch. 2, sec. 69, directed that a new section of KRS Chapter 196 be created for this statute. However, during codification, the Reviser of Statutes determined that it was more appropriately placed within KRS Chapter 441, relating to jails and county prisoners, and created the new section as KRS § 441.207 under the authority of KRS § 7.136.
(2) Notwithstanding KRS § 45.229, amounts not expended at the close of a fiscal year shall not lapse but shall be carried forward to the next fiscal year.
Terms Used In Kentucky Statutes 441.207
- Department: means the Department of Corrections. See Kentucky Statutes 441.005
- 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.
- Statute: A law passed by a legislature.
- Year: means calendar year. See Kentucky Statutes 446.010
(3) Any interest earnings from the fund shall become a part of the fund and shall not lapse.
(4) Moneys in the fund shall accrue to the fund and shall be retained in the fund until the General Assembly establishes a statutory process and method for distributing the funds to local correctional facilities and programs.
Effective: June 8, 2011
History: Created 2011 Ky. Acts ch. 2, sec. 69, effective June 8, 2011.
Legislative Research Commission Note (6/8/2011). 2011 Ky. Acts ch. 2, sec. 69, directed that a new section of KRS Chapter 196 be created for this statute. However, during codification, the Reviser of Statutes determined that it was more appropriately placed within KRS Chapter 441, relating to jails and county prisoners, and created the new section as KRS § 441.207 under the authority of KRS § 7.136.