{"data":{"id":"us-ky/krs-162.440","jurisdiction":"us-ky","citation":"KRS 162.440","heading":"Insurance fund for board of education in a designated city or county","body":"containing a designated city.\n(1) The board of education of any designated city or of a county containing a designated\ncity may, by resolution, establish a fund to be known as the \"insurance fund\" after\nwritten approval of the plan to administer the fund has been secured from the chief\nstate school officer. The resolution shall fix the maximum limit of the fund. The\nfund shall be maintained separate from the other funds and moneys o f the board,\nand shall be used exclusively for replacing or repairing any injury or destruction to\nany of the buildings owned by the board or to their contents when caused by fire,\ntornado, windstorm, cyclone, casualty, explosion, riot, or flood, but not w hen\ncaused by wear and tear or the natural processes of decadence or deterioration.\n(2) As used in this section, \"designated city\" means a city classified as a city of the\nsecond class as of January 1, 2014, under the city classification system in effect\nprior to January 1, 2015. The Department of Education shall, on or before January\n1, 2015, create an official registry listing the cities that qualify as a \"designated city\"\nunder this section and shall publish that registry on its Web site.","path":["KRS Chapter 162"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=43813","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:12Z","sha256":"ce8ab960cba6a28cb08d9c939ca75efe3e30326457d64e4103736facb1543f30","source_id":"us-ky","stale":false,"prev":"us-ky/krs-162.435","next":"us-ky/krs-162.450"},"notice":"GroundRules: Original legal text. Not legal advice."}