Ky. Rev. Stat. § 162.250

Current through 2024 Ky. Acts ch.225
Section 162.250 - Maintenance fund surplus to be transferred to sinking fund

If a surplus is accumulated in the maintenance fund equal to the cost of maintaining the building during the remainder of the calendar or fiscal year, as may be provided by the ordinance required by KRS 162.230, and the cost of maintaining and operating the building for the succeeding like calendar or fiscal year, the excess over such amount shall be transferred to the sinking fund.

KRS 162.250

Effective:7/13/1990
Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 567, effective7/13/1990. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective 10/1/1942, from Ky. Stat. sec. 4421-14.