KRS 41.300: Special deposit trust fund.

There shall be a special deposit fund consisting of all money received by the state or any

department or officer thereof as guarantees for the payment of any costs, charges or

damages accruing or liable to accrue to the state or for the performance of any specific

act, including all money deposited as bail to secure the liberation of persons accused of

public offenses, all money deposited by bidders on contracts to insure their entering into

contracts awarded them, and all money deposited to indemnify perso ns whose property

may be damaged or destroyed by the operations of the depositor. All such money shall be

paid to the Treasurer, in the manner provided for the deposit of public money, and shall

be deposited by the Treasurer as a trust fund in a separate a ccount in a designated state

depository. The money so deposited may be returned to the depositor, if he becomes

entitled to its return, without specific appropriation, allotment or authorization for

expenditure therefor, in the same manner as other claims against the state may be paid, or

may, upon default of any depositor and upon certificate to such effect by the

administrative officer having charge of the matter, be declared by the Finance and

Administration Cabinet to be forfeited in whole or in part an d thereupon be transferred to

the extent so forfeited to the general fund. The interest on bank deposits of this fund shall

accrue to the general fund.