45.247 Highway construction contingency account.
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45.247 Highway construction contingency account.
There is created within the road fund the highway construction contingency account. The <br>account shall consist of moneys appropriated to the account by the General Assembly. <br>The Transportation Cabinet may transfer money from the highway construction <br>contingency account to a highway construction project, for expenditure thereon. These <br>moneys may be authorized by the secretary of the Transportation Cabinet for: <br>(1) Projects of an emergency nature; <br>(2) Promotion of economic or industrial development; <br>(3) Relief of a hazardous condition; <br>(4) Other purposes that the secretary determines to be a priority; <br>(5) Provision of required state match for any unanticipated federal funds made available
by the Federal Highway Administration to the Commonwealth as a result of other <br>states not utilizing their total federal obligation;
(6) The funding of any nonfederal share of a project in a previous or the current
biennial highway construction programs that exceeds its cost estimate;
(7) The nonfederal share of federal emergency highway projects, federal discretionary
projects, and federal demonstration projects; and
(8) The nonfederal share of projects due to an increase in the federal apportionment or
federal obligation limits.
Effective: July 15, 1998 <br>History: Amended 1998 Ky. Acts ch. 532, sec. 7, effective July 15, 1998. -- Amended
1994 Ky. Acts ch. 299, sec. 3, effective July 15, 1994. </p>
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