KRS 67A.820: When assessments to cease -- Refund of surplus.

The amount of the annual assessment collected and the debt service reserve and any

interest earned therefrom shall remain in the sinking fund. When the amount in the

sinking fund is sufficient to retire bonds at maturity, assessments shall cease. In the ev ent

of a surplus after all bonds have been retired, the surplus shall be returned on a pro rata

basis to the property owners if in excess of one dollar ($1) per property. If less than one

dollar ($1), the surplus shall be transferred to the general fund of the urban -county

government.