{"data":{"id":"us-ky/krs-66.523","jurisdiction":"us-ky","citation":"KRS 66.523","heading":"Public improvements financing plan -- Contents -- Implementation --","body":"Annual report of board.\n(1) The board shall prepare a public improvements financing plan which shall become\nthe basis of all its operations including its requests to the fiscal court f or\nappropriations for improvements and facilities described in KRS 66.520. In\npreparing the plan the board may use the services of all governmental agencies\nhaving any duties in connection with the matters of statewide concern described in\nKRS 66.520. The plan shall include in detail the sources of revenue to defray the\ncosts of all projects. Revenue from appropriations made under KRS 66.520 and\nplanned revenue from annual rental payments shall not be aggregated with each\nother or any other sources of revenue for any improvement contemplated.\n(2) The board shall submit its plan to the fiscal court before incurring any obligation\n(aside from costs incident to preparation of the plan) with respect to any public\nimprovement. If the fiscal court does not disapp rove of the plan in part or as a\nwhole within ninety (90) days from the time the board transmits the plan to the\nfiscal court, the board may implement the plan to the extent it was not disapproved.\nThe failure of the fiscal court to disapprove the plan, or part of it, shall in no way be\ndeemed to make any obligation incurred by the board under the plan an obligation\nof the fiscal court.\n(3) Annually, at least ninety (90) days prior to the adoption of the proposed county\nbudget pursuant to KRS 68.240, the board shall submit to the fiscal court a report of\nits affairs. Any supplements or amendments to the board's plan shall be included in\nthe report. The fiscal court shall have ninety (90) days to disapprove of any\nsupplements or amendments. Disapproval or th e lack of it for all or any parts of the\nsupplements or amendments shall have the same results as subsection (2) orders for\nthe original plan.\n(4) No amendment or supplement shall reduce or release any prior obligation of the\nboard without consent of the obligees.","path":["KRS Chapter 66"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=23635","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:24Z","sha256":"84a4047fe089be3d1caba30958ddddce977ae75b5483078636763b4b51644cfb","source_id":"us-ky","stale":false,"prev":"us-ky/krs-66.520","next":"us-ky/krs-66.527"},"notice":"GroundRules: Original legal text. Not legal advice."}