Download as PDF
97.700 Appropriation or tax levy to maintain memorial.
(1)
(2)
In order to provide sufficient funds for maintaining the memorial and for
carrying on the work of the commission the city legislative body in cities of the
first class shall annually appropriate from the general fund of the city such
sums as in the judgment of the legislative body shall, when supplemented by
any funds received by the commission from gifts or earnings of the memorial,
be reasonably necessary for such purposes. All moneys so appropriated may
be paid over to the commission by the director of finance of such city in regular
monthly installments. If it appears from the report or statement of the
commission that funds received by gift or from earnings of the memorial,
available for maintenance of the memorial for any fiscal year, are fully
adequate for the purpose, the appropriation for such year may be withheld by
the legislative body.
For the purpose of providing necessary funds for maintaining such memorial
and for carrying on the work of the commission a city legislative body of cities
of the second, third, fourth, fifth and sixth classes may annually appropriate
from the general fund of the city or annually levy and collect a tax not
exceeding five cents ($0.05) on each one hundred dollars ($100) worth of
taxable property in such city as determined by the last regular assessment of
such city, and the taxes so levied shall be collected in the customary way and
shall be paid over to said commission for the purpose named in this section;
provided, however, that if it shall appear from the report or statement of the
commission that funds received by gift or from earnings of the memorial,
available for maintenance of the memorial for any fiscal year, are fully
adequate therefor after deductions therefrom are made as herein provided, the
said tax levy for such year may be withheld by the city legislative body.
Effective:July 15, 1982
History: Amended 1982 Ky. Acts ch. 363, sec. 4, effective July 15, 1982. -Amended 1954 Ky. Acts ch. 164, sec. 4, effective June 17, 1954. -- Recodified
1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat.
secs. 3037i-10, 3037i-11.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.