Kentucky Statutes 196.044 – Annual calculations of cost savings resulting from 2017 Ky. Acts ch. 158 — Deposit in criminal justice reinvestment fund
Current as of: 2024 | Check for updates
|
Other versions
(1) As used in this section:
(a) “Cost savings” means the ending balance excluding any necessary government expenses as identified in an enacted appropriations bill and any agency transfers that occurred in the same fiscal year from which an ending balance is realized;
(b) “Criminal justice reinvestment fund” means the fund established in KRS
196.042; and
(c) “Ending balance” means the remaining general fund moneys unexpended for the fiscal year in which those funds were appropriated by the General Assembly.
(2) Beginning with the close of fiscal year 2017-2018 and each fiscal year thereafter, the department shall measure and document cost savings based on an ending balance created as a result of 2017 Ky. Acts ch. 158. Calculations shall be based on the department’s overall general fund appropriation. Measured and documented cost savings shall be reinvested and appropriated as provided in KRS § 196.042.
(3) (a) Notwithstanding KRS § 45.229, any cost savings calculated pursuant to subsection (2) of this section shall not lapse but shall be deposited by the department into the criminal justice reinvestment fund.
(b) If no cost savings are calculated pursuant to subsection (2) of this section, no funds shall be deposited into the criminal justice reinvestment fund.
Effective:June 29, 2017
History: Created 2017 Ky. Acts ch. 158, sec. 99, effective June 29, 2017.
(a) “Cost savings” means the ending balance excluding any necessary government expenses as identified in an enacted appropriations bill and any agency transfers that occurred in the same fiscal year from which an ending balance is realized;
Terms Used In Kentucky Statutes 196.044
- Department: means the Department of Corrections. See Kentucky Statutes 196.010
- 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.
- Year: means calendar year. See Kentucky Statutes 446.010
(b) “Criminal justice reinvestment fund” means the fund established in KRS
196.042; and
(c) “Ending balance” means the remaining general fund moneys unexpended for the fiscal year in which those funds were appropriated by the General Assembly.
(2) Beginning with the close of fiscal year 2017-2018 and each fiscal year thereafter, the department shall measure and document cost savings based on an ending balance created as a result of 2017 Ky. Acts ch. 158. Calculations shall be based on the department’s overall general fund appropriation. Measured and documented cost savings shall be reinvested and appropriated as provided in KRS § 196.042.
(3) (a) Notwithstanding KRS § 45.229, any cost savings calculated pursuant to subsection (2) of this section shall not lapse but shall be deposited by the department into the criminal justice reinvestment fund.
(b) If no cost savings are calculated pursuant to subsection (2) of this section, no funds shall be deposited into the criminal justice reinvestment fund.
Effective:June 29, 2017
History: Created 2017 Ky. Acts ch. 158, sec. 99, effective June 29, 2017.