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Kentucky · Snapshot 09/05/2026

KRS 180.310: Agreement as to amount each party to contribute -- Payment.

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  1. KRS Chapter 180

The department may agree upon the purchase price and cost of the bridge or upon the

terms of the lease, with the owner and such other parties named in KRS 180.300 or any of

them, and may further agree upon the proportion of the purchase price or annual ren tal to

be contributed by the department and by the other contributing parties. When the contract

of purchase or lease and the agreement apportioning the purchase price or annual rental is

approved by the Attorney General of this state, the department shall deliver a copy of the

contract of purchase or lease and the agreement of apportionment to the Finance and

Administration Cabinet, which shall draw a warrant on the State Treasurer at the time and

for the amount provided in the purchase or lease contract a nd agreement of

apportionment. The warrant shall specify that it is to be payable only out of the state

highway road funds, and it shall be delivered to the seller or owner of the bridge or tunnel

concurrently with the warrants or vouchers of the other contributing parties.

Collected 2026-09-05T20:51:32Z. Source file · JSON

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