KRS 177.369: Payment of pro rata share of funds appropriated to incorporated cities

and counties.

(1) On and after the fiscal year beginning July 1, 1980 and each fiscal year thereafter,

the Finance and Administration Cabinet shall pay to each incorporated city an d

county containing an unincorporated urban place its pro rata share of any funds

appropriated and any unexpended balance of funds appropriated for construction,

reconstruction, and maintenance of urban roads and streets. During each fiscal year,

the Finance and Administration Cabinet shall make quarterly payments to each such

city and county of the funds set aside and allocated pursuant to KRS 177.365 and

177.366.

(2) The expenditure of any money received by the city or county pursuant to the

provisions of subsection (1) of this section shall be made solely for the purpose of

construction, reconstruction, and maintenance of urban roads and streets set forth in

KRS 177.365.

(3) Any city or county which has received any money pursuant to the provisions of

subsection (1) of this section shall retain all records of the expenditure of such

money for a period of five (5) years and said records shall be subject to audit by the

Finance and Administration Cabinet for said period of time in order to determine

the proper expenditure of said money for the purposes required by KRS 177.365.