KRS 67A.849: Subsequent referendum to increase, decrease, or eliminate funding

sources.

(1) At any time not earlier than five (5) years following the passage of a purchase of

development rights proposal in a referendum authorized by KRS 67A.843 and

67A.847, a referendum may be held on the question of whether to increase,

decrease, or eliminate the funding sources of the program, either upon the adoption

of a resolution by the legislative body of the urban -county government or upon the

filing of a duly certified petition, according to the same procedures set forth in KRS

67A.847.

(2) The passag e of a referendum to decrease or eliminate the funding sources for a

purchase of development rights program will not be legally effective prior to the

satisfaction of all contractual obligations that have been assumed by pertinent

contracting authorities in connection with the program.