45.800 Prerequisites to transfer of money from contingency account or other

207 words·~1 min read·/ky/45-800

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

sources.

(1)Except as otherwise provided in KRS 45.770(2)(b), prior to transferring funds from

any source to the allotment account of a capital construction project or major item

of equipment, the relevant entity head, or his designee, shall present to the Capital

Projects and Bond Oversight Committee, at least fourteen

(14)days prior to the

committee meeting, for its review, specification of the amount of the proposed

transfer, documentation of the necessity for the transfer, and, with respect to capital

construction projects, documentation of:

(a)The amount already expended on the project prior to and during the current

biennium; and

(b)Any alterations made or planned in the project since its consideration by the

General Assembly during the most recent even-numbered-year regular

session.

(2)Within thirty

(30)days after submission to the committee of a proposed capital

construction and equipment purchase contingency account transfer, the committee

shall determine whether the amount of the proposed transfer is reasonable and

consistent with KRS 45.770, whether the proposed transfer is necessary, and

whether any alterations made or planned in a project materially change the project

as considered and authorized by the General Assembly. If the committee does not

approve a proposed transfer or other proposed action, the committee, unless the