2013 Kentucky Revised Statutes CHAPTER 66 - ISSUANCE OF BONDS AND CONTROL OF FUNDS 66.523 Public improvements financing plan -- Contents -- Implementation -- Annual report of board.
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66.523 Public improvements financing plan -- Contents -- Implementation -Annual report of board.
(1)
(2)
(3)
(4)
The board shall prepare a public improvements financing plan which shall
become the basis of all its operations including its requests to the fiscal court
for appropriations for improvements and facilities described in KRS 66.520. In
preparing the plan the board may use the services of all governmental
agencies having any duties in connection with the matters of statewide concern
described in KRS 66.520. The plan shall include in detail the sources of
revenue to defray the costs of all projects. Revenue from appropriations made
under KRS 66.520 and planned revenue from annual rental payments shall not
be aggregated with each other or any other sources of revenue for any
improvement contemplated.
The board shall submit its plan to the fiscal court before incurring any
obligation (aside from costs incident to preparation of the plan) with respect to
any public improvement. If the fiscal court does not disapprove of the plan in
part or as a whole within ninety (90) days from the time the board transmits the
plan to the fiscal court, the board may implement the plan to the extent it was
not disapproved. The failure of the fiscal court to disapprove the plan, or part of
it, shall in no way be deemed to make any obligation incurred by the board
under the plan an obligation of the fiscal court.
Annually, at least ninety (90) days prior to the adoption of the proposed county
budget pursuant to KRS 68.240, the board shall submit to the fiscal court a
report of its affairs. Any supplements or amendments to the board's plan shall
be included in the report. The fiscal court shall have ninety (90) days to
disapprove of any supplements or amendments. Disapproval or the lack of it
for all or any parts of the supplements or amendments shall have the same
results as subsection (2) orders for the original plan.
No amendment or supplement shall reduce or release any prior obligation of
the board without consent of the obligees.
Effective:July 15, 1980
History: Amended 1980 Ky. Acts ch. 19, sec. 10, effective July 15, 1980. -Created 1966 Ky. Acts ch. 232, sec. 5.
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