KRS 262.793: Transfer of assets and funds of district on discontinuance to soil and water

conservation district -- Proration, when -- Collection of revenue for

maintenance.

(1) Where a watershed conservancy district board has been discontinued as provided in

KRS 262.789, any funds or assets of the district shall be transferred to the soil and

water conservation district where the watershed conservancy district lies to be used

solely for the same purposes as they were used prior to the discontinuance and only

within the boundaries of the watershed conservancy district from which the tax was

collected. In the event that the area of the discontinued watershed conservancy

district encompassed two (2) or more soil and water conservation districts, any

funds or asset s to be handed over shall be prorated among the soil and water

conservation districts according to the percentage of revenue contributed by the

landowners within each such soil and water conservation district.

(2) Where a watershed conservancy district boa rd is discontinued, the board or boards

of the soil and water conservation district or districts to which its funds are

transferred shall have the authority to collect revenue from within the boundaries of

and in the same manner as the discontinued watersh ed conservancy district,

including making periodic adjustments to the revenue amounts collected. The funds

collected shall be expended by the board or boards of the soil and water

conservation district or districts for the maintenance of works of improveme nt done

by the discontinued watershed conservancy district board, even if the works of

improvement are located outside of the soil and water conservation district

collecting the revenue, and for no other purpose.