2025 Kentucky Revised Statutes Chapter 65 - General provisions applicable to counties, cities, and other local units 65.250 Contents of agreements.
Universal Citation:
KY Rev Stat § 65.250 (2025)
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65.250 Contents of agreements.
(1)
(2)
Any agreement entered into under KRS 65.210 to 65.300 shall specify the
following:
(a) The purpose and duration of the agreement;
(b) If the agreement creates an interlocal agency:
1.
The organization, composition, authority, and nature of the interlocal
agency, including the terms and qualifications of the members of the
governing authority and their manner of appointment or selection;
2.
A statement of the powers delegated to the interlocal agency or any
restrictions, limitations, or conditions the contracting parties wish to
place on those powers; and
3.
A general statement of any responsibilities of the interlocal agency to
the parties that established it;
(c) The manner of financing the joint or cooperative undertaking and of
establishing and maintaining a budget therefor; said agreement for financing
the joint or cooperative undertaking shall include agreements relative to the
respective responsibilities of the public agencies involved for the payment of
the employer's share involved in any pertinent pension plan or plans, if any,
provided for by KRS 65.280;
(d) The permissible method or methods to be employed in accomplishing the
partial or complete termination of the agreement, including the method for
disposing of property upon such partial or complete termination;
(e) If the interlocal agreement concerns the sharing of occupational or insurance
premium tax revenue between a city and county, and the county that is a party
to the contract is subject to the crediting provisions set forth in KRS 68.197 or
91A.080, the contract shall not be terminable without the consent of each
party to the contract; and
(f) Any other necessary and proper matters.
In the event that the agreement does not establish an interlocal agency to conduct
the joint or cooperative undertaking, the agreement shall, in addition to paragraphs
(a), (c), (d), (e), and (f) enumerated in subsection (1) of this section, contain the
following:
(a) Provision for an administrator responsible for the joint or cooperative
undertaking; and
(b) The manner of acquiring, holding, and disposing of real and personal property
used in the joint or cooperative undertaking.
Effective: July 15, 2024
History: Amended 2024 Ky. Acts ch. 158, sec. 4, effective July 15, 2024. -- Amended
2020 Ky. Acts ch. 98, sec. 6, effective July 15, 2020. -- Amended 1966 Ky. Acts ch.
255, sec. 78. -- Amended 1964 Ky. Acts ch. 114, sec. 4. -- Created 1962 Ky. Acts ch.
216, sec. 4(3) and (4).
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