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Current as of January 01, 2021 | Updated by FindLaw Staff
(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.
Cite this article: FindLaw.com - Kentucky Revised Statutes Title XVII. Economic Security and Public Welfare § 196.044.Annual calculations of cost savings resulting from 2017 Ky. Acts ch. 158; deposit in criminal justice reinvestment fund - last updated January 01, 2021 | https://codes.findlaw.com/ky/title-xvii-economic-security-and-public-welfare/ky-rev-st-sect-196-044/
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