KRS 160.040: Merger of districts.

Boards of education of any two (2) or more contiguous school districts may by concurrent

action merge their districts into one (1). In case of a merger, the members of the boards of

education of the merged districts may serve out the terms for which they w ere elected.

The resulting district shall take over all the assets and legal liabilities of the districts

joining in the merger. Tax levies authorized for the payment of interest and the retirement

of bonds or to create sinking funds for such purposes shal l continue to be levied and

collected over the same area by or for the new board in accordance with the laws under

which the levies were originally made until all bonded obligations of the old district have

been retired.