{"data":{"id":"us-ky/krs-67a.820","jurisdiction":"us-ky","citation":"KRS 67A.820","heading":"When assessments to cease -- Refund of surplus.","body":"The amount of the annual assessment collected and the debt service reserve and any\ninterest earned therefrom shall remain in the sinking fund. When the amount in the\nsinking fund is sufficient to retire bonds at maturity, assessments shall cease. In the ev ent\nof a surplus after all bonds have been retired, the surplus shall be returned on a pro rata\nbasis to the property owners if in excess of one dollar ($1) per property. If less than one\ndollar ($1), the surplus shall be transferred to the general fund of  the urban -county\ngovernment.","path":["KRS Chapter 67A"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=23944","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:28Z","sha256":"33e3098ea0606c9010779e022444cd28bd7dff71a4f3b859d8b1631648110b56","source_id":"us-ky","stale":false,"prev":"us-ky/krs-67a.815","next":"us-ky/krs-67a.825"},"notice":"GroundRules: Original legal text. Not legal advice."}