KRS 48.700: General fund -- Surplus fund account.

There is hereby created in the general fund of the State Treasury a surplus fund account

subject to the following terms and conditions:

(1) It shall contain all surplus tax receipts accruing to the general fund as provided by

KRS 48.140(3);

(2) Except as p rovided in KRS 48.705, it shall contain all funds lapsed from general

fund receipts not otherwise appropriated;

(3) It shall contain all receipts from the sale of surplus property purchased with general

fund tax receipts and not otherwise appropriated;

(4) Except as provided in KRS 48.705, it shall contain all general fund tax revenues in

excess of estimates;

(5) It shall contain all moneys saved as a result of a reorganization of state government

operations funded by the general fund;

(6) Funds in the account shall be invested at interest and the interest shall also accrue to

this account;

(7) It shall contain any other funds which are required by law or regulation to accrue to

the surplus account of the general fund; and

(8) No expenditures shall be made f rom this account unless appropriated by the

General Assembly or unless required by the budget reduction provisions of a branch

budget bill, or as provided by KRS 48.130.