21.510 Appropriation -- Transfer of funds to judicial retirement fund.
134 words·~1 min read·
/ky/chapter-21/21-510A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For the purposes of KRS 21.350 to 21.510, there is appropriated to the judicial retirement fund all sums received from contributions of members of the retirement system created by KRS 21.350 to 21.510. There further is appropriated, out of the general expenditure fund in the State Treasury, the sum of $53,600 for the fiscal year 1960-61 and the sum of $73,600 for the fiscal year 1961-62. The amount of accumulated state employer contributions to the Kentucky Employees Retirement System, on account of judges and commissioners of the Court of Appeals having been members of that system, also is hereby transferred to the judicial retirement fund.
All sums appropriated or transferred to the judicial retirement fund shall be deemed to constitute a continuing fund which shall not lapse at the end of any fiscal year.