KRS 68.310: Limit of expenditures for first half of each fourth year.

Except in case of an emergency concerning which the county judge/executive, the fiscal

court and the state local finance officer unanimously agree in writing, and, except for

encumbrances or expenditures from the county's road fund, no county shall, during the

first half of any fourth fiscal year, beginning with the fiscal year 1998 -1999, encumber or

expend more than sixty -five percent (65%) in any fund budgeted for that fiscal year, not

counting as current funds any budgetary allotments for or payments of principal and

interest of bonded indebtedness. Prior to encumbering or expending any funds from the

road fund during the first half of any fourth fiscal year which exceed sixty -five percent

(65%) of the amount budgeted, the fiscal court shall assure that t here are sufficient funds

remaining in the general fund to provide for the excess encumbrance or expenditure from

the road fund on a dollar for dollar basis. Those excess funds shall remain in the general

fund until on or after January 1 of that fiscal year.