06RS HB123

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Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.

HB 123 (BR 20) - D. Floyd

AN ACT relating to appropriations and revenue.
Create a new section of KRS Chapter 48 to require that 62% of general fund resources be used in support of education, including early childhood education, elementary and secondary education, postsecondary education, and adult education; establish the types of expenditures to be included; create a new section of KRS Chapter 48 requiring the executive branch budget recommendation to conform to this requirement; amend KRS 48.040 to require the uniform budget forms to conform to this requirement; amend KRS 48.130 to require that a budget reduction action maintain the 62% amount for education; amend KRS 48.140 to require that disbursal of funds from the surplus account of the general fund be in accordance with the 62% amount for education; EFFECTIVE July 1 of the even-numbered year following the ratification of a constitutional amendment requiring 62% of the general fund be used in support of education.

(Prefiled by the sponsor(s).)

Jan 3-introduced in House; to Appropriations and Revenue (H)

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