Section 48.710 - Road fund - Surplus fund accountThere is hereby created in the road fund of the State Treasury a surplus fund account subject to the following terms and conditions:
(1) It shall contain all surplus tax receipts accruing to the road fund as provided by KRS 48.140(3);(2) It shall contain all funds lapsed from moneys originating from road fund receipts;(3) It shall contain all receipts from the sale of surplus property purchased with road fund receipts;(4) It shall contain all road fund receipts in excess of estimates;(5) It shall contain all moneys saved as a result of a reorganization of state government operations funded by the road fund;(6) Funds in the account shall be invested at interest and the interest shall also accrue to this account;(7) It shall contain any other funds which are required by law or regulation to accrue to the surplus account of the road fund; and(8) No expenditures shall be made from this account unless appropriated by the General Assembly or unless required by budget reduction provisions of a branch budget bill, or as provided by KRS 48.130.Effective:6/25/2009
Amended 2009, Ky. Acts ch. 78, sec. 18, effective6/25/2009. -- Amended 1990 Ky. Acts ch. 507, sec. 18, effective 7/13/1990. -- Created 1982 Ky. Acts ch. 440, sec. 29, effective 7/1/1983.