Statutes, codes, and regulations
Kentucky Revised Statutes
Title 22 - LEVEES, DRAINAGE, AND RECLAMATION OF LANDS
Chapter 268 - DRAINAGE AND RECLAMATION ACT OF 1918
Section 268.380 - Cost of improvements not to include interest charges - Assessed enhanced value conclusive as to benefits

Ky. Rev. Stat. § 268.380

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Current through 2024 Ky. Acts ch.225
Section 268.380 - Cost of improvements not to include interest charges - Assessed enhanced value conclusive as to benefits
(1) If bonds are issued or money borrowed, the interest charges thereon shall not be considered a part of the cost of improvement in determining whether or not the cost of improvement is equal to or more than the benefit to the property in the district.
(2) The assessed enhancement of value shall be conclusive as to the benefit that will inure to the property in the district.

KRS 268.380

Effective:1/2/1978
Amended 1976 (1st Extra. Sess.) Ky. Acts ch. 14, sec. 246, effective1/2/1978. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective 10/1/1942, from Ky. Stat. sec. 2380b-24.