{"data":{"id":"us-ky/krs-212.580","jurisdiction":"us-ky","citation":"KRS 212.580","heading":"Title to property -- Tax exemption -- Power to sell, mortgage or exchange.","body":"(1) The title to all property acquired for purposes of KRS 212.350 to 212.620, real,\npersonal and mixed, whether acquired by deed, gift, purchase, devise,\ncondemnation, or otherwise, shall vest in the board and shall be exempt from\ntaxation. The board shal l have the power, in its discretion, to sell or exchange any\nproperty, except real estate, which it owns, and it shall not be the duty of any person\ndealing with the board to look to the application of the proceeds of such sale or\nexchange.\n(2) The board shall not have the power to sell, mortgage, transfer, or exchange any real\nestate which it may at any time own, except real estate which it receives as provided\nin KRS 212.490 to 212.510, without the approval of the city by resolution of its\nlegislative body duly approved by the mayor, and the approval of the fiscal court of\nthe county by resolution duly adopted by said fiscal court.","path":["KRS Chapter 212"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=8641","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:52:16Z","sha256":"b9a5580e3ca1b16d92efa4c6c09c4efc2426c51e3584df9d68c37bafd728e3e1","source_id":"us-ky","stale":false,"prev":"us-ky/krs-212.570","next":"us-ky/krs-212.590"},"notice":"GroundRules: Original legal text. Not legal advice."}