{"data":{"id":"us-ky/krs-107.440","jurisdiction":"us-ky","citation":"KRS 107.440","heading":"Conveyance or lease of land by governmental unit to district.","body":"Any governmental unit or units desiring to have buildings erected on land owned or to be\nacquired by it or them may convey such lands (whether then with or without\nimprovements) to the district, or may lease such land to the district for a nominal rental\nfor the same period of years that such governmental unit proposes to lease the particular\nbuilding, or portion thereof, to be constructed wholly or in part thereon, and, in the event\nthe land was leased, may grant an option to the district to purchase such land within six\n(6) months after the expiration of the lease on the building in the event such\ngovernmental unit or units shall not have exercised or shall not exercise an option to\npurchase such building within the terms of the contract of lease. Any such  conveyance or\nlease of land by a governmental unit to the district shall be authorized by the governing\nbody of such governmental unit by resolution or ordinance which shall be entered in the\nofficial records of said governing body. Such authorization may  be given concurrently\nwith the authorization by such governmental unit of a lease by it of the particular\nbuilding, or portion thereof, to be constructed wholly or in part on said land. The deed, in\nthe case of a conveyance of the land, or the lease, in t he case of a lease thereof, shall be\nexecuted on behalf of the governmental unit by the officer or officers authorized by law to\nexecute contracts on behalf of such unit and said lease shall be executed on behalf of the\ndistrict by the chairman and secretary of the board.","path":["KRS Chapter 107"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=27189","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:10Z","sha256":"68b7748c85f89a0e3a8233ac2413e65a6e68cb55d72dd7751ccd5a748d2c2c5e","source_id":"us-ky","stale":false,"prev":"us-ky/krs-107.430","next":"us-ky/krs-107.450"},"notice":"GroundRules: Original legal text. Not legal advice."}