There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
CHAPTER 262 SOIL AND WATER CONSERVATION
262.793 Transfer of assets and funds of district on discontinuance to soil and water conservation district -- Proration, when -- Collection of revenue for maintenance.
Download pdfmaintenance. (1) Where a watershed conservancy district has been discontinued as provided in KRS 262.791 and all obligations of the district have been met, any funds or assets of the
district shall be transferred to the soil and water conservation district to be used
solely for the development and maintenance of soil and water conservation practices
in the area from which the tax was collected. In the event that the area of the
discontinued watershed conservancy district encompassed two (2) or more soil and
water conservation districts, any funds or assets to be handed over shall be prorated
among the soil and water conservation districts according to the percentage of
revenue contributed by the landowners within each such soil and water conservation
district. (2) Where a watershed conservancy district is discontinued, the conservation district or districts to which its funds are transferred shall have the authority to collect revenue
from within the boundaries of and in the same manner as the discontinued
watershed conservancy district. The funds collected shall be expended by the
conservation district for the maintenance of works of improvement done by the
discontinued watershed conservancy district and for no other purpose. History: Amended 1974 Ky. Acts ch. 32, sec. 1. -- Created 1966 Ky. Acts ch. 23, sec. 75.
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