2014 Kentucky Revised Statutes
CHAPTER 97 - PARKS, PLAYGROUNDS, AND RECREATION
97.700 Appropriation or tax levy to maintain memorial.
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<![CDATA[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 home rule class 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:January 1, 2015
History: Amended 2014 Ky. Acts ch. 92, sec. 184, effective January 1, 2015. -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.
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