Kentucky Revised Statutes

Ky. Rev. Stat. § 48.700 (2026)

General fund -- Surplus fund account

✓ current as of May 2026

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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 provided 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 from 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. Effective: June 25, 2009 History: Amended 2009 Ky. Acts ch. 78, sec. 16, effective June 25, 2009. -- Amended 1995 (3d Extra. Sess.) Ky. Acts ch. 2, sec. 5, effective November 3, 1995. -- Amended 1990 Ky. Acts ch. 507, sec. 17, effective July 13, 1990. -- Created 1982 Ky. Acts ch. 450, sec. 28, effective July 1, 1983. 2024-2026 Budget Reference. See State/Executive Branch Budget, 2024 Ky. Acts ch. 175, Pt. III, 22 at 1935. 2024-2026 Budget Reference. See State/Executive Branch Budget, 2024 Ky. Acts ch. 175, Pt. VII, (1) at 1940.

Notes of Decisions

Cited in 1 case, 2005–2005 · leading case: Fletcher v. Commonwealth, 163 S.W.3d 852 (Ky. 2005).

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Fletcher v. Commonwealth, 163 S.W.3d 852 (Ky. 2005). · cites it 2× “KRS 48.700(8); KRS 48.710(8). There are statutes that mandate appropriations even in the absence of a budget bill.”

— Ky. Rev. Stat. § 48.700(8) — 1 case

Fletcher v. Commonwealth, 163 S.W.3d 852 (Ky. 2005). “KRS 48.700(8); KRS 48.710(8). There are statutes that mandate appropriations even in the absence of a budget bill.”

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