{"data":{"id":"us-ky/krs-162.480","jurisdiction":"us-ky","citation":"KRS 162.480","heading":"Proof of loss -- Appropriations of fund.","body":"When an injury occurs to any building or its contents from fire, tornado, windstorm,\ncyclone, casualty, explosion, riot, or flood, the business director or secretary of the board\nof education shall, within thirty (30) days thereafter, prepare and file with  the board a\nsworn written proof of loss, showing in detail the items of injury, and in detail an estimate\nof the extent of the financial loss and whether and to what extent the loss is covered by\ninsurance, with the names of the companies, the number of t he policies, and names of the\nagents. Before the board of education may appropriate any portion of the insurance fund,\na committee appointed by the board shall report to the board in writing, making\nrecommendations and answering in detail the following questions:\n(1) What is the entire loss on the building? When and what caused it?\n(2) What deduction should be made for wear and tear and the natural processes of\ndecadence or deterioration?\n(3) What portion of the loss proposed to be made good from this fund resulted from\ncauses covered by this fund?\n(4) Will it be practicable to make the restoration from the general fund and the proceeds\nof any insurance policies without assistance from this fund?\n(5) If assistance is needed from this fund, how much? How will  the portion so used be\nreturned to the fund?\n(6) Does the committee recommend an appropriation from this fund to aid in the\nrestoration proposed? If so, how much?","path":["KRS Chapter 162"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=4082","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:12Z","sha256":"4e9a62b5374b5e794a058bd429ba1ea653bcda91687adfd28a7584872e5970da","source_id":"us-ky","stale":false,"prev":"us-ky/krs-162.470","next":"us-ky/krs-162.490"},"notice":"GroundRules: Original legal text. Not legal advice."}