48.600 Appropriation reductions in accordance with budget reduction plans upon

161 words·~1 min read·/ky/48-600

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

actual or official revenue estimate shortfall of five percent or less.

(1)If an official revenue estimate is issued reflecting a revenue shortfall in the general

fund or road fund of five percent (5%) or less, or if there is an actual revenue

shortfall at the close of a fiscal year in the general fund or road fund of five percent

(5%) or less, as determined by the Office of State Budget Director, the Governor,

the Chief Justice, and the Legislative Research Commission shall make any

appropriation reductions for the budget units of their respective branches of

government in accordance with the budget reduction plan included in the enacted

branch budget bill.

(2)No budget revision action shall be taken by any branch head in excess of the actual

or projected revenue shortfall.

(3)Appropriation reductions shall be reported to the standing Appropriations and

Revenue Committees of each house or to the Interim Joint Committee on

Appropriations and Revenue, as appropriate.