Kentucky House Bill HB811

Kentucky 2025 Regular Session

• Introduced: 2/19/25
• Refer: 2/19/25
• Refer: 2/27/25

Caption

AN ACT amending the 2024-2026 State/Executive Branch biennial budget, making an appropriation therefor, and declaring an emergency.

Impact

The passage of HB811 directly influences state laws regarding the handling of excess funds within the budget system. By requiring an evaluation of the General Fund Surplus Account prior to permitting the appropriation of unbudgeted expenditures, it ensures that expenditures are aligned with available resources, aiming to promote fiscal responsibility and accountability in state financial management.

Summary

House Bill 811 aims to amend the biennial budget for the years 2024-2026 for the Commonwealth of Kentucky, making specific appropriations and declaring an emergency in order to facilitate immediate access to funds. The bill addresses the expenditure of excess restricted funds, emphasizing that any excess funds shall only be spent according to established procedures and with requisite approvals from the State Budget Director and the Finance and Administration Cabinet.

Sentiment

The sentiment surrounding HB811 appears largely supportive among governmental and financial institutions responsible for overseeing state budgets. Proponents argue that the bill is a necessary measure to ensure effective budget management and to prepare the state for unforeseen financial circumstances during fiscal years 2024-2026. By establishing clear protocols for accessing excess funds, it is perceived as a safeguard for maintaining financial stability.

Contention

There are potential points of contention regarding HB811 surrounding the authority and discretion assigned to the State Budget Director and the Finance and Administration Cabinet. Critics may argue that the bill centralizes power over financial decisions, potentially limiting input from other legislative bodies. The emergency declaration aspect of the bill may also be scrutinized, as it paves the way for expedited financial decisions that could bypass standard legislative procedures, raising concerns about transparency and accountability.