{"data":{"id":"us-ky/krs-268.470","jurisdiction":"us-ky","citation":"KRS 268.470","heading":"Board may levy maintenance assessment -- Terms -- Purpose -- How","body":"recorded -- Collection.\n(1) To maintain and preserve any improvement and to defray the current expenses of\nthe district, the board may, upon the completion of any improvement and on the\nfirst Monday in December in each year thereafter, levy an assessment upon each\npiece of property within the district, to be known as a maintenance assessment. This\nmaintenance assessment, apportioned upon the basis of benefits assessed on account\nof original construction, shall not exceed ten percent (10%) thereof in any one (1)\nyear, and shall be certified to the sheriff of each county in which property of the\ndistrict lies as the annual installment of assessment is certified, and recorded in the\nsame book, but in a separate column under the heading \"maintenance assessment.\"\nThis assessment shall not in any one (1) year exceed two percent (2%) of the\noriginal cost of construction, unless consent is first obtained in writing from the\nowners of two-thirds (2/3) of the property affected.\n(2) The sheriff shall demand and collect the maintenance assessment, make return,\nreceive the same compensation and be liable for the same penalties for failure or\nneglect as is provided in KRS 268.420 for the annual installmen ts of assessments.\nThe maintenance assessment shall be payable and shall be collected at the same\ntime each year that the other assessments of the district due that year are payable,\nshall bear the same penalties and shall be enforced in the same manner.","path":["KRS Chapter 268"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=12970","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:14Z","sha256":"f3bac781e5c20270aca312fd38a579ed6e2a81ca94048789236d93a1d80b8077","source_id":"us-ky","stale":false,"prev":"us-ky/krs-268.460","next":"us-ky/krs-268.480"},"notice":"GroundRules: Original legal text. Not legal advice."}