{"data":{"id":"us-ky/krs-104.680","jurisdiction":"us-ky","citation":"KRS 104.680","heading":"Depreciation fund -- Operation and maintenance fund.","body":"The board of directors shall, by resolution, set aside from its annual tax revenue a proper\nand adequate amount to be deposited into a depreciation fund, which fund shall be used\nsolely for replacing capital equipment, new construction, extensions or addit ions to the\nflood control works. The remainder of its annual tax revenue shall be deposited into an\noperation and maintenance fund to be used solely for operating and maintenance expenses\nin connection with the flood control works. Money accumulated in the  depreciation fund\nmay be invested by the board of directors in the manner authorized by statute for other\ntrust funds and the income from such investments shall be deposited into the depreciation\nfund.","path":["KRS Chapter 104"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=27106","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:09Z","sha256":"b8d22f0f92d101e20ffffc7f61663ad8bc6cc2e448b3709c71980f37ce67f754","source_id":"us-ky","stale":false,"prev":"us-ky/krs-104.670","next":"us-ky/krs-105.010"},"notice":"GroundRules: Original legal text. Not legal advice."}