KRS 107.360: Submission of question of project to voters -- Procedure on approval.

(1) Prior to or concurrently with the adoption by the board of a resolution requesting the

fiscal court to levy an ad valorem tax, the board shall have determined the nature

and approximate cost of the project or projects to be financed through the issuance

of bonds (whether revenue or general obligation bonds) to be retired through the

levy of the tax. In determining the nature of a project the board may include more

than one (1) improvement item in a single project. The resolution designating the

project or p rojects and the estimated and approximate cost of each, shall be

forwarded to the fiscal court, which shall thereafter, on behalf of the district, cause

said resolution to be published in the newspaper of bona fide circulation as provided

in KRS 424.130. Thereafter the fiscal court shall cause to be prepared a question for

submission to the voters of the district at the next regularly scheduled November

election as to whether or not the project, or any one (1) or more projects if there be

more than one (1), shall be disapproved. The question shall be filed with the county

clerk not later than the second Tuesday in August preceding the regular election.

The question shall be so framed that any voter who wishes to vote for the project, or

for any project desig nated as a single project if there be more than one (1) project,

may signify his approval by voting "yes," and any voter who wishes to vote against

any project so designated may do so by voting "no" on the question of that project.

If a majority of those v oting on the question of any project shall approve the

particular project, that project shall be adopted, and the board shall proceed to

initiate issuance of the authorized bonds as provided in KRS 107.310 to 107.500.

The county clerk shall cause such ques tion to be prepared for presentation to the

voters, and the election results shall be canvassed and certified by the county board

of election commissioners.

(2) If the project is approved as herein provided, the tax necessary to finance the

approved project shall be computed by the board and transmitted to the fiscal court,

which shall levy the tax as provided in KRS 107.350. Nothing in KRS 107.310 to

107.500 shall be deemed to require the fiscal court to levy a tax in any year unless

general obligation bon ds have been issued as provided in KRS 107.460, and then

only to the extent of requirements for amortization of such bonds.