2014 Kentucky Revised Statutes CHAPTER 65 - GENERAL PROVISIONS APPLICABLE TO COUNTIES, CITIES, AND OTHER LOCAL UNITS 65.150 Expenditure of funds for liability or property insurance.
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65.150 Expenditure of funds for liability or property insurance.
(1)
(2)
(3)
(4)
A county or city or urban-county government and any board, commission,
agency or authority of a county, city or urban-county government may expend
funds necessary to insure any of its employees, officials and property against
any liability or property damage arising out of an act or omission committed in
the scope and course of performing legal duties.
A county fee officer and his deputies and assistants may be insured pursuant
to subsection (1) of this section, or the officer may expend excess fees to
insure himself and his deputies and assistants against any liability arising out of
an act or omission committed in the scope and course of performing legal
duties.
Any parties eligible to expend funds for insurance pursuant to this section may
associate, pursuant to KRS 65.210 to 65.300, for the purpose of insuring
themselves against any liability or property damage.
An association of governmental units formed for the purpose of providing
insurance to the participating members may act on behalf of and with the
approval of the participating governmental units to borrow money and issue
revenue bonds to fund the costs of providing the insurance. Revenue bonds
issued pursuant to the authority granted in this subsection shall be issued in
accordance with KRS 65.270.
Effective:July 15, 1988
History: Amended 1988 Ky. Acts ch. 225, sec. 5, effective July 15, 1988; and
ch. 309, sec. 1, effective July 15, 1988. -- Created 1979 (1st Extra. Sess.) Ky.
Acts ch. 22, sec. 3, effective May 12, 1979.
Legislative Research Commission Note. This section was amended by two 1988
acts which were identical and which have been compiled together.
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