KRS 107.170: Proceeds from assessment to be segregated -- Shall constitute sinking fund.

The proceeds received by the city from each and every annual improvement assessment

levy made in connection with each separate improvement project, as authorized by this

chapter, shall be segregated from and kept always separate and apart from all other

receipts of the city from any and all other sources, and shall be deposited in a separate and

special account in a financial institution in an account so specially designated by number

or other designation as to identify the same in such manner as to distin guish the receipts

and deposits from each such project from the receipts and deposits from every other such

project, and from any and every other account or fund of the city. The same shall

constitute the "sinking fund" referred to in this chapter.