(1) No state officer or budget unit shall, after the close of any fiscal year, incur, or vote, order, or approve the incurring of, any obligation or expenditure under any appropriation for that fiscal year, and no expenditure shall be made from or charged to any appropriation for any fiscal year that has expired at the time the obligation of the expenditure was incurred.
(2) The Finance and Administration Cabinet may, for a period of thirty (30) days after the close of any fiscal year, draw warrants against the available balances of appropriations made for that fiscal year, for the payment of expenditures incurred during that year or in fulfillment of contracts properly made during that year, but for no other purpose. Except as provided in KRS § 48.705, after the expiration of thirty (30) days from the beginning of each fiscal year, all balances of appropriations for the prior fiscal year shall lapse to the surplus account of the general fund or road fund unless a branch budget bill provides that the appropriation from which the expenditures shall be paid does not lapse. No further payments shall be made on any claims on account of expenditures of the prior fiscal year.

Terms Used In Kentucky Statutes 45.229

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • 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
  • 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.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • 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: November 3, 1995
History: Amended 1995 (3d Extra. Sess.) Ky. Acts ch. 2, sec. 2, effective November 3,
1995. — Amended 1990 Ky. Acts ch. 507, sec. 2, effective July 13, 1990. — Created
1982 Ky. Acts ch. 450, sec. 36, effective July 1, 1983.
2022-2024 Budget Reference. See Amendment of Executive Branch Budget, 2023 Ky.
Acts ch. 116, Section 2 at 643-645.
2022-2024 Budget Reference. See Amendment of Executive Branch Budget, 2023 Ky.
Acts ch. 116, Section 7 at 648-649.
2022-2024 Budget Reference. See Amendment of Executive Branch Budget, 2023 Ky.
Acts ch. 139, Section 2 at 798.
2022-2024 Budget Reference. See Amendment of Executive Branch Budget, 2023 Ky.
Acts ch. 175, Section 3 at 1033.
2022-2024 Budget Reference. See Judicial Branch Budget, 2022 Ky. Acts ch. 162, Pt. I, A, 1, c, (1) at 981.
2022-2024 Budget Reference. See Judicial Branch Budget, 2022 Ky. Acts ch. 162, Pt.
III, 5 at 983.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, A, 14, (1) at 1642.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, A, 22, (5) at 1647.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, A, 27, (5) at 1652.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, A, 28, (5) at 1652.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, A, 30, (1) at 1653.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, B, 1, (2) at 1654.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, B, 1, (4) at 1654.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, B, 1, (12) at 1655.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, C, 2, (6) at 1659.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, C, 3, (7) at 1660.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, D, 6, b, (2) at 1663.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, D, 7, (1) at 1664.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, H, 1, (11) at 1683.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, H, 2, (9) at 1683.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, H, 5, c, (8) at 1688.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, H, 5, c, (12) at 1689.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, J, 2, (6) at 1694.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, J, 2, (14) at 1694.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, J, 11, (6) at 1699.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, K, 1, (1) at 1699.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, K, 8, (2) at 1701.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, K, 8, (3) at 1701.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, K, 8, (4) at 1701.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. II, (2) at 1706.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. III, 36 at 1753.
2022-2024 Budget Reference. See Legislative Branch Budget, 2022 Ky. Acts ch. 200, Pt. I, A at 1764.
2022-2024 Budget Reference. See Transportation Cabinet Budget, 2022 Ky. Acts ch.
214, Pt. I, A, 4, (5) at 2017.
2022-2024 Budget Reference. See Transportation Cabinet Budget, 2022 Ky. Acts ch.
214, Pt. I, A, 4, (9) at 2019.
2022-2024 Budget Reference. See Transportation Cabinet Budget, 2022 Ky. Acts ch.
214, Pt. I, A, 4, (14) at 2019.

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