KRS 65.580: City or county may appropriate funds or levy tax for use of riverport

authority.

In order to provide money for the costs of administration, operation, maintenance, and

development and for the purchase, lease, option, or holding of property, or rights t herein,

necessary or proper for the purposes contemplated in KRS 65.510 to 65.650, the

legislative body of any governmental unit creating the riverport authority under KRS

65.510 to 65.650 may annually appropriate funds to the authority; or such government al

unit may make an annual levy to collect a tax on taxable property situated in the

governmental unit for such riverport development. Any appropriation shall be made by

the legislative body in such amounts, in such proportion and upon such terms as the

legislative body may determine. All funds derived from such appropriation or tax shall be

turned over to the riverport authority for the purpose of carrying out the duties and powers

of the authority.