36.086 Installation management fund.

342 words·~2 min read·/ky/chapter-36/36-086

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

(1)The Department of Military Affairs may establish an installation management fund

account in a local bank for each Department of Military Affairs facility,

notwithstanding KRS 41.070 and 45A.655. Funds derived from the use of the

buildings and grounds shall be deposited in the Department of Military Affairs local

installation management fund account.

(2)The adjutant general shall determine the maximum authorized balance in each

Department of Military Affairs local installation management fund account. The

adjutant general or his designated representative shall review at least annually each

installation management fund account. If the account balance is excessive, the

surplus funds shall be withdrawn from the installation management fund account

for deposit in the appropriate Department of Military Affairs trust and agency fund

account.

(3)The local installation management fund account shall be used for expenses

associated with routine Department of Military Affairs and Kentucky National

Guard functions and operations. Any expense in excess of one hundred fifty dollars

($150) but not more than one thousand dollars ($1,000) shall have approval from

the facilities division director. Any expense in excess of one thousand dollars

($1,000) but not more than two thousand five hundred dollars ($2,500) shall have

approval from the executive director of the Department of Military Affairs. Any

expense in excess of two thousand five hundred dollars ($2,500) but not more than

four thousand dollars ($4,000) shall have approval from the adjutant general or his

designated representative.

(4)The adjutant general shall provide an annual report to the Legislative Research

Commission and the secretary of the Finance and Administration Cabinet which

identifies the receipts and expenditures of the installation management fund

accounts. This report shall be transmitted to the Legislative Research Commission

and the secretary of the Finance and Administration Cabinet within sixty

(60)days

after the close of each fiscal year. In addition, the adjutant general shall also provide

information to the Legislative Research Commission and the secretary of the

Finance and Administration Cabinet during the preparation of the biennial budget

relating to the receipts, expenditures, and balances of these accounts.