{"data":{"id":"us-ky/krs-268.450","jurisdiction":"us-ky","citation":"KRS 268.450","heading":"Board may defer payment of assessment -- Interest installments to cover","body":"cost of bonds.\nIf the board believes the interest and welfare of the owners will be best served by not\nrequiring any part of the minimum district assessment to be collected for no t more than\nfive (5) years from the time the minimum and interest assessments are confirmed by the\ncounty judge/executive, it shall by resolution fix the time when the first annual\nassessment shall become payable. However, sufficient annual assessments sha ll be levied\nand collected each year till the year the first installment of the minimum and interest\nassessments are due to pay the interest on the bonds, plus the cost of levying and\ncollecting them. The annual interest installments shall be levied on all  property in the\nexact ratio of the assessments confirmed by the county judge/executive.","path":["KRS Chapter 268"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=12968","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:13Z","sha256":"bfa1ae7ae3c13bbaeb04a004cbb88c48f205cfb535ab7bce917a43630baeba81","source_id":"us-ky","stale":false,"prev":"us-ky/krs-268.440","next":"us-ky/krs-268.460"},"notice":"GroundRules: Original legal text. Not legal advice."}