Page 1 of 2 LRC 2023-BR1195-HB257
COMMONWEALTH OF KENTUCKY FISCAL NOTE STATEMENT
LEGISLATIVE RESEARCH COMMISSION
2023 REGULAR SESSION
MEASURE
2023 BR NUMBER 1195 HOUSE BILL NUMBER 257
TITLE AN ACT relating to donations made to the Commonwealth and declaring an emergency.
SPONSOR Representative Jason Petrie
FISCAL SUMMARY
STATE FISCAL IMPACT: YES NO UNCERTAIN
OTHER FISCAL STATEMENT (S) THAT MAY APPLY: ACTUARIAL ANALYSIS
LOCAL MANDATE CORRECTIONS IMPACT HEALTH BENEFIT MANDATE
APPROPRIATION UNIT(S) IMPACTED: Public Protection Cabinet - Office of the Secretary
FUND(S) IMPACTED: GENERAL ROAD FEDERAL RESTRICTED Kentucky
Contribution Trust Fund
FISCAL ESTIMATES 2022-2023 2023-2024 ANNUAL IMPACT AT FULL
IMPLEMENTATION
REVENUES Indeterminable Indeterminable Indeterminable
EXPENDITURES
NET EFFECT Indeterminable Indeterminable Indeterminable
( ) indicates a decrease/negative
PURPOSE OF MEASURE: The measure establishes the Kentucky contribution trust fund as a
trust and agency account in the State Treasury and administered by the Public Protection
Cabinet. The fund consists of moneys either solicited by a State official within his/her official
capacity or donated to or held by the Commonwealth that is not required by statute to be
deposited in another fund. The moneys are accounted for separately based on the purpose for
which they were solicited and maintained in the fund until appropriated by the General
Assembly. Any fund amounts not appropriated at the close of a fiscal year are carried forward
into the next fiscal year.
The Secretary of the Public Protection Cabinet is required to report on a monthly basis on the
moneys deposited into and expenditures from the fund, including information on the solicitor,
purpose, type of entity, state and country of origin of the entity, name and address of the
recipient, amount, date of issuance, method of delivery, and purpose of the grant. Additionally,
the report must include any affiliation between the solicitor and the recipient. The report is
submitted to the Senate and House Standing Committees on Appropriations and Revenue or the
Interim Joint Committee on Appropriations and Revenue.
The measure contains an emergency declaration and will take effect upon its passage. Page 2 of 2 LRC 2023-BR1195-HB257
FISCAL EXPLANATION : The measure outlines the establishment of a trust fund and sets out
the guidelines for how the fund will be administered and funded. The measure will have a fiscal
impact due to the Team Kentucky funds being transferred from an off-budget account to an on-
budget restricted fund account. Future donations to the trust fund will impact restricted fund
appropriation in future years.
DATA SOURCE(S): LRC Staff
PREPARER: Ethan Williams NOTE NUMBER: 36 REVIEW: JAB DATE: 2/20/2023