68.120 Surplus in special fund to revert to general fund -- Return to special reserve fund for similar purpose. - Kentucky Statutes

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68.120 Surplus in special fund to revert to general fund -- Return to special reserve fund for similar purpose. Where the special object or purpose for which a tax was levied has been accomplished,
any amount remaining in the special fund shall become a part of the general revenue fund
of the county. In any county where all or any part of a special fund so transferred to the
general fund remains unexpended and has not been commingled with other funds in such
a way as to lose its identification, the county may return the same to a special reserve
fund for an object or purpose similar to that for which the fund was originally
accumulated and may invest the same in investments in which other funds of the county
may lawfully be invested until such time as it is necessary to expend the fund for such
purpose. History: Amended 1942 Ky. Acts ch. 188, sec. 2. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4281u-5.