Ky. Rev. Stat. § 56.080
Current through 2024 Ky. Acts ch.225
Before July 1 of each year, the cabinet shall reconsider its appraisal and valuation of public buildings and personal property belonging to or under the control and use of the state or any state agency, and shall certify any changes in value to the agency that has the custody or control of the property. The appraisal and valuation shall equal the amount that the cabinet deems necessary to replace the property at the time of the appraisal, which may be less actual depreciation.
KRS 56.080
Amended 2010, Ky. Acts ch. 24, sec. 41, effective7/15/2010. -- Amended 1998, Ky. Acts ch. 483, sec. 33, effective 7/15/1998. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective 10/1/1942, from Ky. Stat. secs. 4636-22, 4636-23.