Kentucky Statutes 68.290 – Transfer of money between budget funds
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The fiscal court may transfer money from one (1) budget fund to another to provide for emergencies or increases or decreases in county employment pursuant to KRS § 64.530(4). The order of the fiscal court making the transfer shall show the nature of the emergency or personnel increase or decrease and the reason for making the transfer. The fiscal court shall not have any power to transfer money from any sinking fund or special fund raised for a specific purpose until the obligation or purpose for which the fund was raised has been satisfied.
Effective: February 23, 1984
History: Amended 1984 Ky. Acts ch. 22, sec. 2, effective February 23, 1984. — Amended 1978 Ky. Acts ch. 197, sec. 7, effective January 1, 1979. — Recodified
1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 1851c-
6.
Effective: February 23, 1984
Terms Used In Kentucky Statutes 68.290
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
History: Amended 1984 Ky. Acts ch. 22, sec. 2, effective February 23, 1984. — Amended 1978 Ky. Acts ch. 197, sec. 7, effective January 1, 1979. — Recodified
1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 1851c-
6.