Kentucky Statutes 95A.290 – Distribution of insufficient funds — Exception
Current as of: 2024 | Check for updates
|
Other versions
(1) If funds appropriated by the General Assembly and otherwise made available to the fund are insufficient to provide the amount of money required by KRS § 95A.250, the commission shall make a uniform percentage reduction in the allotment of funds available.
(2) The provisions of subsection (1) of this section shall not apply to amounts due the
Kentucky Community and Technical College System pursuant to KRS § 95A.240.
(3) Funds appropriated by the General Assembly and unexpended by the commission at the close of the fiscal year for which the funds were appropriated and otherwise made available to this fund pursuant to KRS § 42.190, 95A.220 and 136.392 shall not lapse as provided by KRS § 45.229, but shall be carried forward into the following fiscal year, and shall be used solely for the purposes specified in KRS § 95A.200 to
95A.300.
Effective: July 14, 2000
History: Amended 2000 Ky. Acts ch. 270, sec. 7, effective July 14, 2000. — Amended
1984 Ky. Acts ch. 300,sec. 10, effective July 13, 1984. — Amended 1982 Ky. Acts ch. 125, sec. 5, effective July 15, 1982; and ch. 246, sec. 7, effective April 1, 1982. — Created 1980 Ky. Acts ch. 373, sec. 10, effective July 15, 1980.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, J, 11, (2) at 1698.
(2) The provisions of subsection (1) of this section shall not apply to amounts due the
Terms Used In Kentucky Statutes 95A.290
- 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.
- Year: means calendar year. See Kentucky Statutes 446.010
Kentucky Community and Technical College System pursuant to KRS § 95A.240.
(3) Funds appropriated by the General Assembly and unexpended by the commission at the close of the fiscal year for which the funds were appropriated and otherwise made available to this fund pursuant to KRS § 42.190, 95A.220 and 136.392 shall not lapse as provided by KRS § 45.229, but shall be carried forward into the following fiscal year, and shall be used solely for the purposes specified in KRS § 95A.200 to
95A.300.
Effective: July 14, 2000
History: Amended 2000 Ky. Acts ch. 270, sec. 7, effective July 14, 2000. — Amended
1984 Ky. Acts ch. 300,sec. 10, effective July 13, 1984. — Amended 1982 Ky. Acts ch. 125, sec. 5, effective July 15, 1982; and ch. 246, sec. 7, effective April 1, 1982. — Created 1980 Ky. Acts ch. 373, sec. 10, effective July 15, 1980.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, J, 11, (2) at 1698.