UNOFFICIAL COPY 24 RS BR 1349
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AN ACT relating to appropriations providing financing and conditions for the 1
operations, maintenance, support, and functioning of the Transportation Cabinet of the 2
Commonwealth of Kentucky. 3
Be it enacted by the General Assembly of the Commonwealth of Kentucky: 4
Section 1. The Transportation Cabinet Budget is as follows: 5
PART I 6
OPERATING BUDGET 7
(1) Funds Appropriations: There is appropriated out of the General Fund, Road 8
Fund, Restricted Funds accounts, Federal Funds accounts, or Bond Funds accounts for 9
the fiscal year beginning July 1, 2023 and ending June 30, 2024, for the fiscal year 10
beginning July 1, 2024, and ending June 30, 2025, and for the fiscal year beginning July 11
1, 2025, and ending June 30, 2026, the following discrete sums, or so much thereof as 12
may be necessary. Appropriated funds are included pursuant to KRS 48.700 and 48.710. 13
Each appropriation is made by source of respective fund or funds accounts. 14
Appropriations for the budget units of the Transportation Cabinet are subject to the 15
provisions of Chapters 12, 42, 45, and 48 of the Kentucky Revised Statutes and 16
compliance with the conditions and procedures set forth in this Act. 17
A. TRANSPORTATION CABINET 18
Budget Units 19
1. GENERAL ADMINISTRATION AND SUPPORT 20
2024-25 2025-26 21
General Fund 4,000,000 500,000 22
Restricted Funds 2,785,100 2,800,800 23
Road Fund 87,355,300 88,449,900 24
TOTAL 94,140,400 91,750,700 25
(1) Biennial Highway Construction Plan: The Secretary of the Transportation 26
Cabinet shall produce a single document that contains two separately identified sections, 27 UNOFFICIAL COPY 24 RS BR 1349
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as follows: 1
Section 1 shall detail the enacted fiscal biennium 2024-2026 Biennial Highway 2
Construction Program and Section 2 shall detail the 2024-2026 Highway Preconstruction 3
Program Plan for fiscal year 2024-2025 through fiscal year 2029-2030 as identified by 4
the 2024 General Assembly. This document shall mirror in data type and format the fiscal 5
year 2024-2030 Recommended Six-Year Road Plan as submitted to the 2024 General 6
Assembly. The document shall be published and distributed to members of the General 7
Assembly and the public within 60 days of adjournment of the 2024 Regular Session of 8
the General Assembly. 9
(2) Debt Service: Included in the above Road Fund appropriation is $340,900 in 10
fiscal year 2024-2025 and $341,500 in fiscal year 2025-2026 for debt service on 11
previously authorized bonds. 12
(3) Adopt-A-Highway Litter Program: The Transportation Cabinet and the 13
Energy and Environment Cabinet may receive, accept, and solicit grants, contributions of 14
money, property, labor, or other things of value from any governmental agency, 15
individual, nonprofit organization, or private business to be used for the Adopt-a-16
Highway Litter Program or other statewide litter programs. Any contribution of this 17
nature shall be deemed to be a contribution to a state agency for a public purpose and 18
shall be treated as Restricted Funds under KRS Chapter 45 and reported according to 19
KRS Chapter 48, and shall not be subject to restrictions set forth under KRS Chapter 20
11A. 21
(4) Riverport Improvements: Included in the above General Fund appropriation 22
is $500,000 in each fiscal year to improve public riverports within Kentucky. The 23
Secretary of the Transportation Cabinet, in conjunction with the Kentucky Water 24
Transportation Advisory Board, shall determine how the funds are distributed. 25
(5) Paducah Riverfront Project: Included in the above General Fund 26
appropriation is $3,500,000 in fiscal year 2024-2025 to the city of Paducah for a riverport 27 UNOFFICIAL COPY 24 RS BR 1349
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infrastructure project. 1
(6) Carry Forward of Appropriation Balances: Notwithstanding KRS 45.229, 2
unexpended Federal fund appropriations in the General Administration and Support 3
budget unit for the Electric Vehicle Charging program shall not lapse and shall carry 4
forward. 5
2. AVIATION 6
2024-25 2025-26 7
General Fund 25,000,000 25,000,000 8
Restricted Funds 19,150,500 19,236,600 9
Federal Funds 500,800 500,800 10
Road Fund 2,157,600 2,179,200 11
TOTAL 46,808,900 46,916,600 12
(1) Operational Costs: Notwithstanding KRS 183.525(5), the above Restricted 13
Funds appropriation includes operational costs of the program in each fiscal year. 14
(2) Debt Service: Included in the above Road Fund appropriation is $838,500 in 15
fiscal year 2024-2025 and $837,500 in fiscal year 2025-2026 for debt service on 16
previously authorized bonds. Notwithstanding KRS 183.525, $838,500 in fiscal year 17
2024-2025 and $837,500 in fiscal year 2025-2026 is transferred to the Road Fund from 18
the Kentucky Aviation Economic Development Fund to support debt service on those 19
bonds. 20
(3) General Aviation Airports: Included in the above General Fund appropriation 21
is $25,000,000 in each fiscal year to support general aviation airports. 22
3. DEBT SERVICE 23
2024-25 2025-26 24
Road Fund 137,206,400 118,683,100 25
(1) Economic Development Road Lease-Rental Payments: Included in the 26
above Road Fund appropriation is $136,956,400 in fiscal year 2024-2025 and 27 UNOFFICIAL COPY 24 RS BR 1349
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$118,433,100 in fiscal year 2025-2026 for Economic Development Road lease-rental 1
payments relating to projects financed by Economic Development Road Revenue Bonds 2
previously authorized by the General Assembly and issued by the Kentucky Turnpike 3
Authority. 4
(2) Debt Payment Acceleration Fund Account: Notwithstanding KRS 175.505, 5
no portion of the revenues to the state Road Fund provided by the adjustments in KRS 6
138.220(2), excluding KRS 177.320 and 177.365, shall accrue to the Debt Payment 7
Acceleration Fund account during the 2024-2026 fiscal biennium. 8
4. HIGHWAYS 9
2024-25 2025-26 10
General Fund 339,000,000 39,000,000 11
Restricted Funds 213,257,700 367,048,400 12
Federal Funds 1,259,952,200 1,276,676,000 13
Road Fund 1,169,740,900 1,179,527,700 14
TOTAL 2,981,950,800 2,862,252,100 15
(1) Debt Service: Included in the above Federal Funds appropriation is 16
$69,138,900 in fiscal year 2024-2025 and $67,792,100 in fiscal year 2025-2026 for debt 17
service on Grant Anticipation Revenue Vehicle (GARVEE) Bonds previously 18
appropriated by the General Assembly. 19
(2) Biennial Highway Construction Program: Included in the State Supported 20
Construction Program is $452,960,900 in fiscal year 2024-2025 and $454,525,300 in 21
fiscal year 2025-2026 from the Road Fund for state construction projects in the 2024-22
2026 Biennial Highway Construction Program. 23
(3) Highway Construction Contingency Account: Included in the State 24
Supported Construction Program is $45,000,000 in each fiscal year, $31,000,000 in Road 25
Fund and $14,000,000 in General Fund, for the Highway Construction Contingency 26
Account. Notwithstanding KRS 224.43-505(2)(d), included in the Highway Construction 27 UNOFFICIAL COPY 24 RS BR 1349
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Contingency Account is $5,000,000 in each fiscal year for the Kentucky Pride Fund 1
created in KRS 224.43-505. Also included in the Highway Construction Contingency 2
Account for Railroads is $1,600,000 in each fiscal year for public safety and service 3
improvements which shall not be expended unless matched with non-state funds equaling 4
at least 20 percent of the total amount for any individual project. Additionally, in each 5
fiscal year, up to $350,000 of the $1,600,000 appropriation may be used to research the 6
merits and responsibilities of the Kentucky Rail Office in the Kentucky Transportation 7
Cabinet and establish and administer the Kentucky Rail Office. 8
(4) 2022-2024 Biennial Highway Construction Plan: Projects in the enacted 9
2022-2024 Biennial Highway Construction Plan are authorized to continue their current 10
authorization into the 2024-2026 fiscal biennium. If projects in previously enacted 11
highway construction plans conflict with the 2024-2026 Biennial Highway Construction 12
Plan, the projects in the 2024-2026 Biennial Highway Construction Plan shall control. 13
The Secretary shall make every effort to maintain highway program delivery by adhering 14
to the timeframes included in the 2024-2026 Biennial Highway Construction Plan for 15
those projects. 16
(5) Kentucky Transportation Center: Notwithstanding KRS 177.320(4), 17
included in the above Road Fund appropriation is $290,000 in each fiscal year for the 18
Kentucky Transportation Center. 19
(6) State Match Provisions: The Transportation Cabinet is authorized to utilize 20
state construction moneys or Toll Credits to match federal highway moneys. 21
(7) Federal Aid Highway Funds: If additional federal highway moneys are 22
made available to Kentucky by the United States Congress, the funds shall be used 23
according to the following priority: (a) Any demonstration-specific or project-specific 24
moneys shall be used on the project identified; and (b) All other funds shall be used to 25
ensure that projects in the fiscal biennium 2024-2026 Biennial Highway Construction 26
Plan are funded. If additional federal moneys remain after these priorities are met, the 27 UNOFFICIAL COPY 24 RS BR 1349
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Transportation Cabinet may select projects from the Highway Preconstruction Program. 1
(8) Road Fund Cash Management: The Secretary of the Transportation Cabinet 2
may continue the Cash Management Plan to address the policy of the General Assembly 3
to expeditiously initiate and complete projects in the fiscal biennium 2024-2026 Biennial 4
Highway Construction Plan. Notwithstanding KRS Chapter 45, specifically including 5
KRS 45.242 and 45.244, the Secretary may concurrently advance projects in the Biennial 6
Highway Construction Plan by employing management techniques that maximize the 7
Cabinet's ability to contract for and effectively administer the project work. Under the 8
approved Cash Management Plan, the Secretary shall continuously ensure that the 9
unspent project and Road Fund balances available to the Transportation Cabinet are 10
sufficient to meet expenditures consistent with appropriations provided. The 11
Transportation Cabinet shall provide quarterly reports to the Interim Joint Committee on 12
Appropriations and Revenue when the General Assembly is not in session and the 13
Standing Committees on Appropriations and Revenue when the General Assembly is in 14
session beginning July 1, 2024. 15
(9) Carry Forward of Appropriation Balances: Notwithstanding KRS 45.229, 16
unexpended Road Fund and General Fund appropriations in the Highways budget unit for 17
the Construction program, the Maintenance program, and the Research program in fiscal 18
year 2023-2024 and in fiscal year 2024-2025 shall not lapse but shall carry forward. 19
Unexpended Federal Funds and Restricted Funds appropriations in the Highways budget 20
unit for the Construction program, the Maintenance program, the Equipment Services 21
program, the Research program, and the Eastern Kentucky State Aid Funding for 22
Emergencies (EKSAFE) program in fiscal year 2023-2024 and in fiscal year 2024-2025, 23
up to the amount of ending cash balances and unissued Highway and GARVEE Bond 24
Funds, to include any interest income earned on those bond funds, and grant balances 25
shall not lapse but shall carry forward. 26
(10) Federally Supported Construction Program: Included in the above Federal 27 UNOFFICIAL COPY 24 RS BR 1349
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Funds appropriation is $1,230,060,800 in fiscal year 2024-2025 and $1,246,487,400 in 1
fiscal year 2025-2026 for federal construction projects. 2
(11) Highways Maintenance: Included in the above Highways Road Fund 3
appropriation is $477,876,000 in fiscal year 2024-2025 and $486,599,200 in fiscal year 4
2025-2026 for Highways Maintenance. Highways Maintenance positions may be filled to 5
the extent the above funding level and the Highways Maintenance continuing 6
appropriation are sufficient to support those positions. 7
(12) Delayed Projects Status Report: The Secretary of the Transportation 8
Cabinet shall report by September 30 of each fiscal year to the Interim Joint Committee 9
on Transportation any project included in the enacted Biennial Highway Construction 10
Plan which has been delayed beyond the fiscal year for which the project was authorized. 11
The report shall include: 12
(a) The county name; 13
(b) The Transportation Cabinet project identification number; 14
(c) The route where the project is located; 15
(d) The length of the project; 16
(e) A description of the project and the scope of improvement; 17
(f) The type of local, state, or federal funds to be used on the project; 18
(g) The stage of development for the design, right-of-way, utility, and 19
construction phases; 20
(h) The fiscal year in which each phase of the project was scheduled to 21
commence; 22
(i) The estimated cost for each phase of the project; 23
(j) A detailed description of the circumstances leading to the delay; and 24
(k) The same information required in paragraphs (a) to (i) of this subsection for 25
the project or projects advanced with funds initially scheduled for the delayed project. 26
(13) County and City Bridge Improvement Program: Included in the above 27 UNOFFICIAL COPY 24 RS BR 1349
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General Fund appropriation is $25,000,000 in each fiscal year for the County and City 1
Bridge Improvement Program. 2
(14) Maintenance Reentry Employment Program: Included in the above Road 3
Fund appropriation is $1,000,000 in each fiscal year to support contracting with a 4
501(c)(3) nonprofit organization or other entity that employs individuals on probation or 5
parole supervision to perform crew-based maintenance services. These individuals will 6
be selected with input from the Department of Corrections and shall provide assistance 7
with litter abatement, graffiti removal, and vegetation control. 8
(15) Grant Anticipation Revenue Vehicle (GARVEE) Bonds: Included in the 9
above Restricted funds appropriation is $150,000,000 in fiscal year 2025-2026 for 10
GARVEE bond funds to be issued for the I-69 Ohio River crossing and the completion of 11
the Mountain Parkway project. 12
(16) New Grant Anticipation Revenue Vehicle (GARVEE) Bonds Debt 13
Service: Included in the above Federal fund appropriation is $7,584,400 in fiscal year 14
2025-2026 for debt service payments related to the I-69 Ohio River crossing and the 15
completion of the Mountain Parkway project. Included in the above Road Fund 16
appropriation is $1,896,100 in fiscal year 2025-2026 for debt service payments related to 17
the I-69 Ohio River crossing and the completion of the Mountain Parkway project. 18
(17) Grant Anticipation Revenue Vehicle (GARVEE) Bonds Reauthorization: 19
The $150,000,000 GARVEE Bonds authorized in 2022 Ky. Acts ch. 214, Part I, 4., 15 20
are reauthorized. 21
(18) Reauthorized Grant Anticipation Revenue Vehicle (GARVEE) Bonds 22
Debt Service: Included in the above Federal fund appropriation is $7,584,400 in fiscal 23
year 2024-2025 and $15,168,800 in fiscal year 2025-2026 for debt service payments 24
related to the Brent Spence Bridge Project. Included in the above Road Fund 25
appropriation is $1,896,100 in fiscal year 2024-2025 and $3,792,200 in fiscal year 2025-26
2026 for debt service payments related to Brent Spence Bridge Project. 27 UNOFFICIAL COPY 24 RS BR 1349
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(13) I-69 Ohio River crossing and Mountain Parkway: Included in the above 1
General Fund appropriation is $300,000,000 in fiscal year 2024-2025 for the I-69 Ohio 2
River crossing and the completion of the Mountain Parkway project. 3
5. JUDGMENTS 4
(1) Payment of Judgments: Road Fund resources required to pay judgments 5
shall be transferred from the State Construction Account at the time when actual 6
payments must be disbursed from the State Treasury. 7
6. PUBLIC TRANSPORTATION 8
2024-25 2025-26 9
General Fund 15,575,800 15,575,800 10
Restricted Funds 718,700 727,700 11
Federal Funds 80,633,100 80,684,600 12
TOTAL 96,927,600 96,988,100 13
(1) Toll Credits: The Transportation Cabinet is authorized to maximize, to the 14
extent necessary, the use of Toll Credits to match Federal Funds for transit systems 15
capital grants. 16
(2) Nonpublic School Transportation: Included in the above General Fund 17
appropriation is $5,000,000 in each fiscal year for nonpublic school transportation. 18
7. REVENUE SHARING 19
2024-25 2025-26 20
Road Fund 388,835,400 416,258,100 21
(1) County Road Aid Program: Included in the above Road Fund appropriation 22
is $146,874,400 in fiscal year 2024-2025 and $157,268,800 in fiscal year 2025-2026 for 23
the County Road Aid Program in accordance with KRS 177.320, 179.410, 179.415, and 24
179.440. Notwithstanding KRS 177.320(2) and (4), the above amount has been reduced 25
by $38,000 in each year, which has been appropriated to the Highways budget unit for 26
the support of the Kentucky Transportation Center. 27 UNOFFICIAL COPY 24 RS BR 1349
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(2) Rural Secondary Program: Included in the above Road Fund appropriation 1
is $178,175,600 in fiscal year 2024-2025 and $190,785,200 in fiscal year 2025-2026 for 2
the Rural Secondary Program in accordance with KRS 177.320, 177.330, 177.340, 3
177.350, and 177.360. Notwithstanding KRS 177.320(1) and (4), the above amount has 4
been reduced by $46,000 in each year, which has been appropriated to the Highways 5
budget unit for the support of the Kentucky Transportation Center. 6
(3) Municipal Road Aid Program: Included in the above Road Fund 7
appropriation is $61,799,600 in fiscal year 2024-2025 and $66,173,200 in fiscal year 8
2025-2026 for the Municipal Road Aid Program in accordance with KRS 177.365, 9
177.366, and 177.369. Notwithstanding KRS 177.320(4) and 177.365(1), the above 10
amount has been reduced by $16,000 in each year, which has been appropriated to the 11
Highways budget unit for the support of the Kentucky Transportation Center. 12
(4) Energy Recovery Road Fund: Included in the above Road Fund 13
appropriation is $276,000 in fiscal year 2024-2025 and $287,000 in fiscal year 2025-2026 14
for the Energy Recovery Road Fund in accordance with KRS 177.977, 177.9771, 15
177.978, 177.979, and 177.981. 16
(5) Continuation of the Flex Funds and the 80/20 Bridge Replacement 17
Programs: The Transportation Cabinet shall continue the Flex Funds and the 80/20 18
Bridge Replacement Programs within the Rural Secondary Program. 19
8. VEHICLE REGULATION 20
2024-25 2025-26 21
Restricted Funds 19,924,100 20,538,100 22
Federal Funds 4,627,100 4,627,100 23
Road Fund 53,252,400 54,002,800 24
TOTAL 77,803,600 79,168,000 25
(1) Debt Service: Included in the above Road Fund appropriation is $2,107,000 26
in both fiscal years for debt service on previously authorized bonds. 27 UNOFFICIAL COPY 24 RS BR 1349
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TOTAL - TRANSPORTATION CABINET 1
2024-25 2025-26 2
General Fund 383,575,800 80,075,800 3
Restricted Funds 255,836,100 410,351,600 4
Federal Funds 1,345,713,200 1,362,488,500 5
Road Fund 1,838,548,000 1,859,100,800 6
SUBTOTAL 3,823,673,100 3,712,014,200 7
PART II 8
CAPITAL PROJECTS BUDGET 9
(1) Capital Construction Fund Appropriations and Reauthorizations: 10
Moneys in the Capital Construction Fund are appropriated for the following capital 11
projects subject to the conditions and procedures in this Act. Items listed without 12
appropriated amounts are previously authorized for which no additional amount is 13
required. These items are listed in order to continue their current authorization into the 14
2024-2026 fiscal biennium. Unless otherwise specified, reauthorized projects shall 15
conform to the original authorization enacted by the General Assembly. 16
(2) Expiration of Existing Line-Item Capital Construction Projects: All 17
appropriations to existing line-item capital construction projects expire on June 30, 2024, 18
unless reauthorized in this Act with the following exceptions: (a) A construction contract 19
for the project shall have been awarded by June 30, 2024; (b) Permanent financing or a 20
short-term line of credit sufficient to cover the total authorized project scope shall have 21
been obtained in the case of projects authorized for bonds, if the authorized project 22
completes an initial draw on the line of credit within the biennium immediately 23
subsequent to the original authorization; and (c) Grant or loan agreements, if applicable, 24
shall have been finalized and properly signed by all necessary parties. Notwithstanding 25
the criteria set forth in this subsection and KRS 45.229 and 45.770(5)(d), funds 26
appropriated to the 2022-2024 and 2024-2026 fiscal biennia maintenance pools shall not 27 UNOFFICIAL COPY 24 RS BR 1349
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lapse and shall carry forward. 1
(3) Bond Proceeds Investment Income: Investment income earned from bond 2
proceeds beyond that which is required to satisfy Internal Revenue Service arbitrage 3
rebates and penalties and excess bond proceeds upon the completion of a bond-financed 4
capital project shall be used to pay debt service according to the Internal Revenue Service 5
Code and accompanying regulations. 6
(4) Appropriations for Projects Not Line-Itemized: Inasmuch as the 7
identification of specific projects cannot be ascertained with absolute certainty at this 8
time, amounts are appropriated for specific purposes to projects which are not 9
individually identified in this Act in the following areas: Maintenance Pool – 2024-2026, 10
Aircraft Maintenance Pool and Repair Loadometer – 2024-2026 and Rest Areas. 11
Notwithstanding any statute to the contrary, projects estimated to cost $1,000,000 and 12
over and equipment estimated to cost $200,000 and over shall be reported to the Capital 13
Projects and Bond Oversight Committee. 14
A. TRANSPORTATION CABINET 15
Budget Units 2023-24 2024-25 2025-26 16
1. GENERAL ADMINISTRATION AND SUPPORT 17
001. Maintenance Pool – 2024-2026 18
Road Fund -0- 8,000,000 8,000,000 19
002. Construct Clay County District Office Additional Reauthorization 20
($12,945,000 Road Fund) 21
Road Fund -0- 3,500,000 -0- 22
003. Construct Bath County Maintenance and Salt Storage Facility Additional 23
Reauthorization ($500,000 Road Fund) 24
Road Fund -0- 1,500,000 1,500,000 25
004. Construct Morgan County Maintenance and Salt Storage Facility Additional 26
Reauthorization ($500,000 Road Fund) 27 UNOFFICIAL COPY 24 RS BR 1349
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Road Fund -0- 3,000,000 -0- 1
005. Construct Mercer County Maintenance and Salt Storage Facility Additional 2
Reauthorization ($500,000 Road Fund) 3
Road Fund -0- 3,000,000 -0- 4
006. AASHTOWare Additional Reauthorization ($2,000,000 Road Fund) 5
Road Fund -0- 1,000,000 600,000 6
007. Ballard County Maintenance Facility and Salt Storage Additional 7
Reauthorization ($2,513,000 Road Fund) 8
Road Fund 1,000,000 -0- -0- 9
008. Construct Hopkins County Maintenance and Salt Storage Additional 10
Reauthorization ($1,800,000 Road Fund) 11
Road Fund -0- 700,000 -0- 12
009. Construct Breckinridge County Maintenance and Salt Facility Additional 13
Reauthorization ($3,000,000 Road Fund) 14
Road Fund 500,000 -0- -0- 15
010. Construct Union County Maintenance and Salt Storage Facility Additional 16
Reauthorization ($3,000,000 Road Fund) 17
Road Fund 500,000 -0- -0- 18
011. Construct Boyle County Bridge Crew Facility Additional Reauthorization 19
($1,500,000 Road Fund) 20
Road Fund 500,000 -0- -0- 21
012. Whitley County Maintenance Facility and Salt Structure Additional 22
Reauthorization ($4,050,000 Road Fund) 23
Road Fund -0- 450,000 -0- 24
013. Construct Hart County Maintenance and Salt Facility Additional 25
Reauthorization ($500,000 Road Fund) 26
Road Fund -0- 1,500,000 1,500,000 27 UNOFFICIAL COPY 24 RS BR 1349
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014. Permanent Salt Conveyor System – Graves County Reauthorization 1
($350,000 Road Fund) 2
015. Construct District 2 Office and Materials Lab Reauthorization ($2,000,000 3
Road Fund) 4
2. AVIATION 5
001. Aircraft Maintenance Pool – 2024-2026 6
General Fund -0- 1,500,000 1,500,000 7
002. Capital City Airport Terminal Building 8
Restricted Funds -0- 500,000 8,500,000 9
003. One Aircraft Maintenance Hangar 10
Restricted Funds -0- -0- 6,910,000 11
004. New T-Hangers 12
Restricted Funds -0- 2,750,000 -0- 13
005. Two Medium Sized Box Hangars 14
Restricted Funds -0- -0- 1,600,000 15
3. HIGHWAYS 16
001. Repair Loadometer and Rest Areas – 2024-2026 17
Road Fund -0- 4,000,000 4,000,000 18
002. Road Maintenance Parks – 2024-2026 19
Road Fund -0- 1,500,000 1,500,000 20
003. Various Environmental Compliance – 2024-2026 21
Road Fund -0- 500,000 500,000 22
004. Jefferson County – Lease 23
005. Knott County – Lease 24
3. VEHICLE REGULATION 25
001. Replace Kentucky Driver Licensing System Additional Reauthorization 26
($12,000,000 Bond Funds) 27 UNOFFICIAL COPY 24 RS BR 1349
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Restricted Funds -0- 9,000,000 4,000,000 1
Road Fund -0- 3,000,000 3,000,000 2
PART III 3
FUNDS TRANSFER 4
The General Assembly finds that the financial condition of state government 5
requires the following action. 6
Notwithstanding the statutes or requirements of the Restricted Funds enumerated 7
below, there is transferred to the General Fund the following amounts in fiscal year 2024-8
2025 and fiscal year 2025-2026: 9
2024-25 2025-26 10
A. TRANSPORTATION CABINET 11
1. Aviation 12
Agency Revenue Fund 1,189,200 1,165,600 13
(KRS 183.525(4) and (5)) 14
TOTAL - FUNDS TRANSFER 1,189,200 1,165,600 15
PART IV 16
TRANSPORTATION CABINET BUDGET SUMMARY 17
OPERATING BUDGET 18
2023-24 2024-25 2025-26 19
General Fund -0- 383,575,800 80,075,800 20
Restricted Funds -0- 255,836,100 410,351,600 21
Federal Funds -0- 1,345,713,200 1,362,488,500 22
Road Fund -0- 1,838,548,000 1,859,100,800 23
SUBTOTAL -0- 3,823,673,100 3,712,016,700 24
CAPITAL PROJECTS BUDGET 25
2023-24 2024-25 2025-26 26
General Fund -0- 1,500,000 1,500,000 27 UNOFFICIAL COPY 24 RS BR 1349
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Restricted Fund -0- 12,250,000 21,010,000 1
Road Fund 2,500,000 31,650,000 20,600,000 2
SUBTOTAL 2,500,000 45,400,000 43,110,000 3
TOTAL - TRANSPORTATION CABINET BUDGET 4
2023-24 2024-25 2025-26 5
General Fund -0- 385,075,800 81,575,800 6
Restricted Funds -0- 268,086,100 431,361,600 7
Federal Funds -0- 1,345,713,200 1,362,488,500 8
Road Fund 2,500,000 1,870,198,000 1,879,700,800 9
TOTAL FUNDS 2,500,000 3,869,073,100 3,755,126,700 10