An act relating to accounting for the expenditure of state funds. Be it enacted by the General Assembly of the Commonwealth of Kentucky




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UNOFFICIAL COPY AS OF 04/14/16 08 REG. SESS. 08 RS BR 2222

AN ACT relating to accounting for the expenditure of state funds.

Be it enacted by the General Assembly of the Commonwealth of Kentucky:

SECTION 1. A NEW SECTION OF KRS CHAPTER 42 IS CREATED TO READ AS FOLLOWS:

As used in Sections 1 to 3 of this Act:

(1) "Expenditure of state funds" means the expenditure or transfer of any state-appropriated or nonappropriated funds from the State Treasury in an amount in excess of one hundred thousand dollars ($100,000) by any entity of state government in such forms as, including but not limited to:

(a) Grants;

(b) Contracts;

(c) Subcontracts;

(d) Purchase orders; and

(e) Expenditures from the budget reserve trust fund.

"Expenditure of state funds" does not include the transfer of funds between two (2) state agencies or payments of state or federal assistance to an individual.

(2) "Searchable Web site" means a Web site that allows the public to search and aggregate information set forth in Section 2 of this Act;

SECTION 2. A NEW SECTION OF KRS CHAPTER 42 IS CREATED TO READ AS FOLLOWS:

(1) The Finance and Administration Cabinet shall, by January 1, 2009, develop, operate, and maintain a single searchable Web site that includes for each expenditure of state funds:

(a) The name and principal location or residence of the recipient of the funds;

(b) The amount of state funds expended;

(c) The type of transaction;

(d) The approving or funding agency or entity;

(e) The budget program source;

(f) A statement or description of the reason for the expenditure; and

(g) Any other information deemed relevant by the Finance and Administration Cabinet.

(2) All agencies and entities of state government shall provide the Finance and Administration Cabinet with information necessary to accomplish the purposes of this section.

(3) Taxpayer-specific-identification numbers shall not be included in any report required under this section.

(4) The Web site provided for in subsection (1) of this section shall include data for fiscal year 2007-2008 and each fiscal year thereafter. The information for each fiscal year shall be added to the Web site no later than thirty (30) days following the close of the fiscal year.

SECTION 3. A NEW SECTION OF KRS CHAPTER 42 IS CREATED TO READ AS FOLLOWS:

Sections 1 to 3 of this Act shall be known as the "Taxpayer Transparency Act of 2008."


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BR222200.100-2222




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