KRS 173.320: Regional libraries.

The establishment of a regional library shall be by contract, in writing, by the legislative

bodies of the counties. The expenses of the regional library shall be apportioned between

the contracting parties concerned in proportion to the taxable property o f each as shown

by their respective assessments and as shall be agreed upon in the contract. The treasurer

of one of the counties, as provided in the contract, shall have the custody of the funds for

the regional library; and the treasurers of the other co unties concerned shall transfer to

him as collected all the moneys received for public library purposes and interest from

library funds in their respective governmental units. The contract for a regional library

shall continue in force for a period of five (5) years and no county shall be permitted to

withdraw without the consent of all the other participating counties during the five (5)

year period. If the legislative body of a county decides to withdraw from a regional library

contract, it shall be entit led to a division of the property on the same basis as its

contributions, such division being completed within six (6) months from the withdrawal

date. If no unit withdraws, at the end of the five (5) year period, the contract shall

continue in force for a like period.