Ky. Rev. Stat. § 106.120

Current through 2024 Ky. Acts ch.225
Section 106.120 - Transfer of surplus in operating and maintenance funds to depreciation account

If a surplus is accumulated in the operating and maintenance funds equal to the cost of maintaining and operating the waterworks during the remainder of the calendar, operating or fiscal year and during the succeeding like year, any excess over such amount may be transferred at any time by the water district commissioners or city legislative body to the depreciation account, to be used for improvements, extensions or additions to the waterworks.

KRS 106.120

Effective:6/17/1954
Created 1954 Ky. Acts ch. 18, sec. 12, effective6/17/1954.