Kentucky Statutes 441.695 – Reports of authority — Audits — Authority’s audits to be public records
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By January 1 each year the authority shall make an annual report of its activities for the preceding fiscal year to the Office of the State Budget Director and to the Interim Joint Committee on Appropriations and Revenue. Each such report shall set forth a complete operating and financial statement covering its operations during the year. The authority shall provide for an audit of its books and accounts to be made within ninety (90) days after the close of each fiscal year by certified public accountants and the cost thereof may be treated as a part of the cost of construction of the project. Such audits shall be public records within the meaning of KRS § 61.870 to KRS § 61.884.
Effective: August 1, 2002
History: Amended 2002 Ky. Acts ch. 183, sec. 29, effective August 1, 2002. — Amended 1986 Ky. Acts ch. 344, sec. 1, effective July 15, 1986. — Created 1982 Ky. Acts ch. 235, sec. 20, effective July 15, 1982.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, H, 5, c, (2) at 1687.
Effective: August 1, 2002
Terms Used In Kentucky Statutes 441.695
- branch budget: means an enactment by the General Assembly which provides appropriations and establishes fiscal policies and conditions for the biennial financial plan for the judicial branch, the legislative branch, and the executive branch, which shall include a separate budget bill for the Transportation Cabinet. 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.
- Joint committee: Committees including membership from both houses of teh legislature. Joint committees are usually established with narrow jurisdictions and normally lack authority to report legislation.
- 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
History: Amended 2002 Ky. Acts ch. 183, sec. 29, effective August 1, 2002. — Amended 1986 Ky. Acts ch. 344, sec. 1, effective July 15, 1986. — Created 1982 Ky. Acts ch. 235, sec. 20, effective July 15, 1982.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, H, 5, c, (2) at 1687.