{"data":{"id":"us-ky/krs-65.250","jurisdiction":"us-ky","citation":"KRS 65.250","heading":"Contents of agreements.","body":"(1) Any agreement entered into under KRS 65.210 to 65.300 shall specify the\nfollowing:\n(a) The purpose and duration of the agreement;\n(b) If the agreement creates an interlocal agency:\n1. The organization, composition, authority, and nature of the interlocal\nagency, including the terms and qualifications of the members of the\ngoverning authority and their manner of appointment or selection;\n2. A statement of the powers delegated to the interlocal agency or any\nrestrictions, limitations, or conditions the contra cting parties wish to\nplace on those powers; and\n3. A general statement of any responsibilities of the interlocal agency to\nthe parties that established it;\n(c) The manner of financing the joint or cooperative undertaking and of\nestablishing and maintainin g a budget therefor; said agreement for financing\nthe joint or cooperative undertaking shall include agreements relative to the\nrespective responsibilities of the public agencies involved for the payment of\nthe employer's share involved in any pertinent pe nsion plan or plans, if any,\nprovided for by KRS 65.280;\n(d) The permissible method or methods to be employed in accomplishing the\npartial or complete termination of the agreement, including the method for\ndisposing of property upon such partial or complete termination;\n(e) If the interlocal agreement concerns the sharing of occupational or insurance\npremium tax revenue between a city and county, and the county that is a party\nto the contract is subject to the crediting provisions set forth in KRS 68.197 or\n91A.080, the contr act shall not be terminable without the consent of each\nparty to the contract; and\n(f) Any other necessary and proper matters.\n(2) In the event that the agreement does not establish an interlocal agency to conduct\nthe joint or cooperative undertaking, the agreement shall, in addition to paragraphs\n(a), (c), (d), (e), and (f) enumerated in subsection (1) of this section, contain the\nfollowing:\n(a) Provision for an administrator responsible for the joint or cooperative\nundertaking; and\n(b) The manner of acquiring, holding, and disposing of real and personal property\nused in the joint or cooperative undertaking.","path":["KRS Chapter 65"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=55343","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:21Z","sha256":"cf05c3850e11e419f8ca86cfa3b0d80fe446488f9445c90a919d35c9ce0d898b","source_id":"us-ky","stale":false,"prev":"us-ky/krs-65.247","next":"us-ky/krs-65.252"},"notice":"GroundRules: Original legal text. Not legal advice."}