Ky. Rev. Stat. § 183.700
Current through Acts Received April 24, 2024
The funds accumulating to the depreciation account shall be expended in balancing depreciation in the airport facilities or in making new constructions, extensions or additions thereto. Any such accumulations may be invested as the legislative body of the governmental unit may designate, and if invested the income from such investment shall be carried into the depreciation account.
KRS 183.700
Amended 1960 Ky. Acts ch. 179, sec. 47, effective3/25/1960. -- Created 1945 (1st Extra. Sess.) Ky. Acts ch. 3, sec. 9.