{"data":{"id":"us-ky/krs-66.041","jurisdiction":"us-ky","citation":"KRS 66.041","heading":"Maximum percentages of net indebtedness.","body":"(1) A city, urban -county, consolidated local government, or charter county shall not\nincur net indebtedness to an amount exceeding the following maximum percentages\non the value of taxable property within the city, urban -county, consolidated local\ngovernment, or charter county, as estimated by the last certified assessment\nprevious to the incurring of the indebtedness:\n(a) Cities, urban -counties, consolidated local governments, and charter counties\nhaving a population of fifteen thousand (15,000) or more, ten percent (10%);\n(b) Cities, urban-counties, and charter counties having a population of less than\nfifteen thousand (15,000) but not less than three thousand, five percent (5%);\nand\n(c) Cities, urban-counties, and charter counties having a population of less than\nthree thousand (3,000), three percent (3%).\n(2) A county, which is not an urban -county, consolidated local government, or charter\ncounty, or a taxing district shall not incur net indebtedness for all purposes that\nexceeds an amount equal to two percen t (2%) of the value of the taxable property\nwithin the county or district, as estimated by the last certified assessment previous\nto the incurring of the indebtedness.","path":["KRS Chapter 66"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=23570","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:23Z","sha256":"a29bf3dbb4e25881ccc4c2ed2db15db236678e6a37a071aa7a410a6ae414da0c","source_id":"us-ky","stale":false,"prev":"us-ky/krs-66.040","next":"us-ky/krs-66.045"},"notice":"GroundRules: Original legal text. Not legal advice."}