Statutes, codes, and regulations
Kentucky Revised Statutes
Title 9 - COUNTIES, CITIES, AND OTHER LOCAL UNITSChapter 96 - UTILITIES IN CITIES
WATERWORKS IN CITIES
Section 96.450 - Expenditure and investment of depreciation fund

Ky. Rev. Stat. § 96.450

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Current through 2024 Ky. Acts ch.225
Section 96.450 - Expenditure and investment of depreciation fund

The funds accumulating to the depreciation account shall be expended in balancing depreciation in the waterworks or in making new constructions, extensions or additions thereto. Any such accumulations may be invested as the city legislative body may designate, and if invested the income from such investments shall be carried into the depreciation account.

KRS 96.450

Effective:10/1/1942
Recodified 1942 Ky. Acts ch. 208, sec. 1, effective10/1/1942, from Ky. Stat. secs. 2741L-11, 2741L-33.