(1) The various counties, towns, and incorporated municipalities which are members of the authority may contribute to the work of the authority any amounts of money that their respective governing bodies, acting in their sole discretion, shall approve to be paid from the general fund of the respective county or city. Governing bodies of member local governments in Kentucky may levy any tax for this purpose not in conflict with the statutes of this state.
(2) No later than October of each year, the authority may transmit to the Governors of the Commonwealth of Kentucky and the State of Tennessee a request and an amount of appropriation needed during the next fiscal year for purposes of the authority including administration, operations, and capital improvements, and appropriate justification for use of the appropriation, the amount or other amount deemed appropriate by the Governor to be included in the budget transmitted to the Kentucky or Tennessee General Assembly.

Terms Used In Kentucky Statutes 151.660

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Appropriation: means an authorization by the General Assembly to expend, from public funds, a sum of money not in excess of the sum specified, for the purposes specified in the authorization and under the procedure prescribed in KRS Chapter 48. See Kentucky Statutes 446.010
  • City: includes town. See Kentucky Statutes 446.010
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
  • Year: means calendar year. See Kentucky Statutes 446.010

Effective: July 13, 1990
History: Created 1990 Ky. Acts ch. 381, sec. 6, effective July 13, 1990.