{"data":{"id":"us-ky/krs-67a.800","jurisdiction":"us-ky","citation":"KRS 67A.800","heading":"Segregation of proceeds from assessment -- Sinking fund.","body":"The proceeds received by the urban -county government from each and every annual\nimprovement assessment levy made in connection with each separate improvement\nproject, as authorized by KRS 67A.710 to 67A.825, shall be segregated from and kept\nalways separate and apart from all other receipts of the urban -county government from\nany and all other sources, and shall be deposited in a separate and special account in a\nfinancial institution in an account so specially designated by number or other designation\nas to identify the same in such manner as to distinguish the receipts and deposits from\neach such project from the receipts and deposits from every other such project, and from\nany and every other account or fund of the urban -county government. The same shall\nconstitute the \"sinking fund\" referred to in KRS 67A.710 to 67A.825. The funds shall be\ndeposited in an interest -bearing account, at the rate of interest prevailing at the time of\nsuch deposit. When the bonds become due, funds shall be transferred to the a ccount from\nwhich the bonds shall be paid.","path":["KRS Chapter 67A"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=23940","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:28Z","sha256":"86c38a01378ea6233149cc55ff2c395c17bdd43cbcfb43a0f3055c8cd474e080","source_id":"us-ky","stale":false,"prev":"us-ky/krs-67a.795","next":"us-ky/krs-67a.805"},"notice":"GroundRules: Original legal text. Not legal advice."}