2013 Kentucky Revised Statutes CHAPTER 107 - MUNICIPAL IMPROVEMENTS -- ALTERNATE METHODS 107.360 Submission of question of project to voters -- Procedure on approval.
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107.360 Submission of question of project to voters -- Procedure on
approval.
(1)
(2)
Prior to or concurrently with the adoption by the board of a resolution
requesting the fiscal court to levy an ad valorem tax, the board shall have
determined the nature and approximate cost of the project or projects to be
financed through the issuance of bonds (whether revenue or general obligation
bonds) to be retired through the levy of the tax. In determining the nature of a
project the board may include more than one (1) improvement item in a single
project. The resolution designating the project or projects and the estimated
and approximate cost of each, shall be forwarded to the fiscal court, which
shall thereafter, on behalf of the district, cause said resolution to be published
in the newspaper of bona fide circulation as provided in KRS 424.130.
Thereafter the fiscal court shall cause to be prepared a question for submission
to the voters of the district at the next regularly scheduled November election
as to whether or not the project, or any one (1) or more projects if there be
more than one (1), shall be disapproved. The question shall be filed with the
county clerk not later than the second Tuesday in August preceding the regular
election. The question shall be so framed that any voter who wishes to vote for
the project, or for any project designated as a single project if there be more
than one (1) project, may signify his approval by voting "yes," and any voter
who wishes to vote against any project so designated may do so by voting "no"
on the question of that project. If a majority of those voting on the question of
any project shall approve the particular project, that project shall be adopted,
and the board shall proceed to initiate issuance of the authorized bonds as
provided in KRS 107.310 to 107.500. The county clerk shall cause such
question to be prepared for presentation to the voters, and the election results
shall be canvassed and certified by the county board of election
commissioners.
If the project is approved as herein provided, the tax necessary to finance the
approved project shall be computed by the board and transmitted to the fiscal
court, which shall levy the tax as provided in KRS 107.350. Nothing in KRS
107.310 to 107.500 shall be deemed to require the fiscal court to levy a tax in
any year unless general obligation bonds have been issued as provided in
KRS 107.460, and then only to the extent of requirements for amortization of
such bonds.
Effective:July 15, 1996
History: Amended 1996 Ky. Acts ch. 195, sec. 51, effective July 15, 1996. -Amended 1982 Ky. Acts ch. 360, sec. 33, effective July 15, 1982. -- Amended
1978 Ky. Acts ch. 384, sec. 239, effective June 17, 1978. -- Amended 1972 Ky.
Acts ch. 313, sec. 4. -- Created 1970 Ky. Acts ch. 155, sec. 6.
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