{"data":{"id":"us-ky/krs-48.705","jurisdiction":"us-ky","citation":"KRS 48.705","heading":"General fund -- Budget reserve trust fund account.","body":"(1) A budget reserve trust fund account is hereby created in the general fund, pursuant\nto KRS 45.305. The budget reserve trust fund account shall be funded through\ndirect appropriations, and surplus amounts as provided in subsection (2) of this\nsection. Money s in the account shall remain unallotted unless required by the\nprovisions of this section.\n(2) (a) Each fiscal year, except as provided in subsection (3) of this section, within\nthirty (30) days of the end of the fiscal year, the secretary of the Finance and\nAdministration Cabinet shall cause to be deposited to the budget reserve trust\nfund account the lesser of the following amounts:\n1. Fifty percent (50%) of the general fund surplus; or\n2. The amount necessary from the general fund surplus to make the\nbalance of the budget reserve trust fund account equal to five percent\n(5%) of the actual general fund receipts collected during the fiscal year\njust ended, as determined by the Finance and Administration Cabinet.\n(b) Any amounts to be deposited to the budget reserve trust fund account from the\ngeneral fund surplus shall be determined after the surplus has been reduced by\nthe amount necessary to implement the provisions of any surplus expenditure\nplan authorized by KRS 48.140 and enacted as a part of a branch budget bill.\n(3) If, at the close of any fiscal year, the budget reserve trust fund account has a balance\nequal to or greater than five percent (5%) of the actual general fund receipts\ncollected during the fiscal year just ended, as determined by the Fina nce and\nAdministration Cabinet, the deposits required under subsection (2) of this section\nshall be suspended for that year.\n(4) Moneys in the budget reserve trust fund account may be appropriated by the\nGeneral Assembly in a regular or special session.\n(5) Before authorizing any allotments from the budget reserve trust fund account, the\nsecretary of the Finance and Administration Cabinet shall notify in writing the\nInterim Joint Committee on Appropriations and Revenue. The notice shall include\nthe amount and purpose for the proposed allotment.\n(6) Within thirty (30) days of the close of each fiscal year, the secretary of the Finance\nand Administration Cabinet shall report to the Interim Joint Committee on\nAppropriations and Revenue the general fund receip ts collected for the fiscal year\njust ended, the balance of the budget reserve trust fund account, and any amounts\ndeposited to the budget reserve trust fund account pursuant to the provisions of\nsubsection (2) of this section.\n(7) All sums appropriated or  deposited to the budget reserve trust fund account shall\nnot lapse at the close of the fiscal year but shall carry forward into the next fiscal\nyear.","path":["KRS Chapter 48"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=22575","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:09Z","sha256":"009389745950593dffac17f723716721bb71f7b8b90734b8b40ab7a839abd9df","source_id":"us-ky","stale":false,"prev":"us-ky/krs-48.700","next":"us-ky/krs-48.710"},"notice":"GroundRules: Original legal text. Not legal advice."}