{"data":{"id":"us-ky/krs-132.601","jurisdiction":"us-ky","citation":"KRS 132.601","heading":"Administrator's use of local funds accruing to office -- Bank account --","body":"Expenditures -- Supervision.\n(1) The property valuation administrator of any county may, after receiving an\napproved budget from the Department of Revenue under the provisions of  KRS\n132.590, obligate and spend any of the local funds accruing to his office under the\nprovisions of KRS 132.590 or KRS 132.285, over and above that actually used in\ncompensating his deputies and assistants, for the purchase of any maps, lists, charts,\nmaterials, supplies or equipment, or for other expenses necessary to the proper\nassessment of property or preparation and maintenance of assessment rolls and\nrecords.\n(2) The property valuation administrator shall maintain a bank account for the\nmanagement of local funds received by his office under the provisions of KRS\n132.590 and 132.285. Beginning with the 1990 -1992 biennium, at the end of each\nfiscal year a cumulative carryover of local funds equivalent to the total annual local\nappropriation for the ending fiscal year or five thousand dollars ($5,000), whichever\nis greater, shall be retained. Any funds in excess of this amount shall be refunded by\nthe property valuation administrator no later than August 1 to the appropriating\nlocal governments in direct proportion to their respective appropriations.\n(3) Expenditures made by the office of the property valuation administrator under the\nprovisions of subsection (1) of this section shall be governed by procurement\nprocedures adopted by the fiscal court in the county administrative code required by\nKRS 68.005. However, after approval of the annual budget for the office of the\nproperty valuation administrator provided in KRS 132.590 by the Department of\nRevenue, the necessity of the expenditure shall not be questioned by the fiscal court.\nThe Department of Revenue shall have neither authority nor responsibility in the\nauditing of expenditures made by the property valuation administrator from locally\nappropriated funds. The Auditor of Public Accounts shall assume the responsibility.","path":["KRS Chapter 132"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=28301","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:24Z","sha256":"ab4fd3bf3d626561bd8be800588044d7eb75e2cdea7fe62ee058b6fa0010a0b8","source_id":"us-ky","stale":false,"prev":"us-ky/krs-132.600","next":"us-ky/krs-132.605"},"notice":"GroundRules: Original legal text. Not legal advice."}