{"data":{"id":"us-ky/krs-184.363","jurisdiction":"us-ky","citation":"KRS 184.363","heading":"Board of trustees may acquire, hold, and sell property -- Conditions.","body":"The board of trustees of a district may:\n(1) Acquire, by any method other than condemnation, real property in fee simple in the\nname of the district in connection with, but in excess of that needed for, a project;\n(2) Hold the property for a period of time as the board determines; and\n(3) Sell at public auction or otherwise, all right, title, and interest of the district in the\nproperty, as the board considers in the best interests of the district; but in no event\nshall the property be sold for less than two-thirds (2/3) of its appraised value. Sale at\npublic auction shall be undertaken only after the board advertises the sale in a\nnewspaper of general circulation in the district for two (2) weeks prior to the date\nset for the sale or as provided in KRS 424.130.","path":["KRS Chapter 184"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=53018","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:36Z","sha256":"e6cea53165bdb34841fc61da2e64e4f0038b8238182b0b6a23b5005bf3e9eaaa","source_id":"us-ky","stale":false,"prev":"us-ky/krs-184.360","next":"us-ky/krs-184.365"},"notice":"GroundRules: Original legal text. Not legal advice."}