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48.950 Continuous budget information system -- Contents -- Responsibility for.

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48.950 Continuous budget information system -- Contents -- Responsibility for. (1) In order to effectuate the constitutional power and duty of the General Assembly to raise and appropriate revenue and approve and adopt a balanced budget, and in <br>order that members and committees of the General Assembly and the Legislative <br>Research Commission may be informed on a continuous basis about current and <br>prospective financial conditions and budgetary needs of the Commonwealth and its <br>budget units, the Kentucky General Assembly finds and declares that uniform <br>detailed budget data and records relating to expenditures, receipts and activities and <br>the budgetary operations of all budget units must be available in electronic and print <br>form to the General Assembly and the Legislative Research Commission on a <br>continuous and timely basis. (2) The contents of all electronic and print forms, records, data and procedures established under KRS 48.955 and 48.960 shall pertain to: <br>(a) The submission of budget unit requests and branch budget recommendations; <br>(b) The adoption of budget bills; <br>(c) The allotments under, and authorized adjustments and revisions to, the enacted budget; (d) The receipts and disbursements of budget funds pursuant to appropriations enacted by the General Assembly; and (e) The financial and budgetary conditions of the Commonwealth and branch budget units. These contents, forms and records shall be standard and uniform for all budget <br>units. (3) The Governor, the Chief Justice and the Legislative Research Commission for their respective branches and budget units, shall cause to be created, maintained and <br>transmitted in electronic form the data, records and procedures necessary to fulfill <br>the intent and purposes of KRS 48.955 and 48.960 and which may be provided by <br>KRS 48.955 and 48.960. Effective: February 10, 1988 <br>History: Created 1988 Ky. Acts ch. 3, sec. 1, effective February 10, 1988.