48.950 Continuous budget information system -- Contents -- Responsibility for.

294 words·~1 min read·/ky/chapter-48/48-950

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

(1)In order to effectuate the constitutional power and duty of the General Assembly to

raise and appropriate revenue and approve and adopt a balanced budget, and in

order that members and committees of the General Assembly and the Legislative

Research Commission may be informed on a continuous basis about current and

prospective financial conditions and budgetary needs of the Commonwealth and its

budget units, the Kentucky General Assembly finds and declares that uniform

detailed budget data and records relating to expenditures, receipts and activities and

the budgetary operations of all budget units must be available in electronic and print

form to the General Assembly and the Legislative Research Commission on a

continuous and timely basis, including the electronic accounting and budgeting

systems utilized by all branches of state government such as the Enhanced

Management Reporting System and the Kentucky Budgeting System.

(2)The contents of all electronic and print forms, records, data and procedures

established under KRS 48.955 and 48.960 shall pertain to:

(a)The submission of budget unit requests and branch budget recommendations;

(b)The adoption of budget bills;

(c)The allotments under, and authorized adjustments and revisions to, the

enacted budget;

(d)The receipts and disbursements of budget funds pursuant to appropriations

enacted by the General Assembly; and

(e)The financial and budgetary conditions of the Commonwealth and branch

budget units.

These contents, forms and records shall be standard and uniform for all budget

units.

(3)The Governor, the Chief Justice and the Legislative Research Commission for their

respective branches and budget units, shall cause to be created, maintained and

transmitted in electronic form the data, records and procedures necessary to fulfill

the intent and purposes of KRS 48.955 and 48.960 and which may be provided by

KRS 48.955 and 48.960.