{"data":{"id":"us-ky/krs-45a.650","jurisdiction":"us-ky","citation":"KRS 45A.650","heading":"Purchases under $50 -- Petty cash accounts.","body":"Purchases of less than fifty dollars ($50), at the discretion of the Finance and\nAdministration Cabinet, may be made on the open market by cash payment from petty\ncash accounts set aside for that purpose. The Finance and Administration Cabinet shall\ndetermine the amount of the petty cash account of each state agency, and inspect the petty\ncash accounts at least once each year to ensure that the total, plus amount of receipts for\nthe unreplenished disbursements, is equal to the fixed sum of cash set aside. T he Finance\nand Administration Cabinet shall make all necessary rules and regulations governing use\nand replenishment of petty cash funds. An agency shall not split or parcel purchases over\na period of time to evade the provisions of this section or applica ble regulations. If\npurchases are so split or parceled, the agency head is liable for the amount authorized to\nbe expended. In the case of a shortage in a petty cash account, the agency head is liable\nfor the amount of the shortage.","path":["KRS Chapter 45A"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=22459","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:08Z","sha256":"4e2a25e65f5ffa0b243f644bfc0ef5422a942c07fa45f16c936981bf5d97deda","source_id":"us-ky","stale":false,"prev":"us-ky/krs-45a.645","next":"us-ky/krs-45a.655"},"notice":"GroundRules: Original legal text. Not legal advice."}