{"data":{"id":"us-ky/krs-268.440","jurisdiction":"us-ky","citation":"KRS 268.440","heading":"Payment in advance of full assessment levied.","body":"(1) At any time prior to the issuance of the bonds, any person may pay in one lump sum\nthe full amount of the assessment levied against his property, less the amount added\nthereto to meet interest. The secretary of the board shall then enter upon the district\nassessment record opposite each tract for which payment is made the words \"paid in\nfull\" and such assessment shall be deemed satisfied. The secretary shall also make\nthe same entry opposite each tract for which payment is made in the table included\nin the certificate filed in the office of the county clerk. However, this payment shall\nnot prevent the levying of additional or maintenance assessments against the\nproperty.\n(2) At any time after the issuance of the bonds, the board may receive from any owner\npayment in full of the unpaid portion of the minimum district assessment against his\nproperty, if arrangements can be made with the bondowners for the surrender and\nretirement of an amount of bonds, with coupons attached, equal in principal to the\namount of the lump payment, and if the transaction will cause no present or future\nshortage of funds for payment of coupons and the retiring of maturing bonds.","path":["KRS Chapter 268"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=12967","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:13Z","sha256":"70932112d9081a9c8639aea57e51609542476eab08b54ff42ea30e57e19e6f3e","source_id":"us-ky","stale":false,"prev":"us-ky/krs-268.430","next":"us-ky/krs-268.450"},"notice":"GroundRules: Original legal text. Not legal advice."}