There is a newer version of this Section
2022
2021
2020 (you are here)
2019
2018
Other previous versions
View our newest version here

2020 Kentucky Revised Statutes
Chapter 212 - Local health programs
212.480 Depository for funds.

Universal Citation: KY Rev Stat § 212.480 (2020)
Previous Next

Download as PDF
212.480 Depository for funds. The board shall annually select a bank, or banks, or banking institutions for the current deposit of the board's funds for the current operating expenses and which bank, or banks or banking institutions shall give and maintain a bond, or bonds, or other form of security to be approved by the mayor and the county judge/executive, said bond, or bonds or other forms of security to be conditioned upon the safekeeping and prompt payment of said funds placed in said depository when demanded by a duly authorized officer of the board. The amount of said bond, or bonds or other form of security shall be, in the discretion of the board, the mayor and the county judge/executive, in any amount not less than one hundred thousand dollars ($100,000), or said depository, in lieu of said bond and with the approval of the board, the mayor and county judge/executive, may place in escrow or under the joint control of an officer of said depository and the chairman of the board, United States bonds or other United States securities of an amount not less than one hundred thousand dollars ($100,000). History: Created 1942 Ky. Acts ch. 41, sec. 11.
Previous Next
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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.