45.780 Emergency repair, maintenance, and replacement account.

147 words·~1 min read·/ky/chapter-45/45-780

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

(1)There is created within the capital construction fund the emergency repair,

maintenance, and replacement account. The account shall consist of moneys

appropriated to the fund by the General Assembly.

(2)The Finance and Administration Cabinet may transfer money from the emergency

repair, maintenance, and replacement account to the allotment account of an

emergency repair, replacement, or maintenance project, for expenditure thereon,

even though the specific project is not included in any branch budget bill enacted

for that biennium. Moneys may be transferred from the emergency repair,

maintenance, and replacement account to the allotment account of an emergency

repair, replacement, or maintenance project only if no other funding source is

available.

(3)The Finance and Administration Cabinet shall report each transfer, including the

necessity, purpose, and amount of the transfer, to the Capital Projects and Bond

Oversight Committee not later than thirty

(30)days after the transfer.