Section 184.363 - Board of trustees may acquire, hold, and sell property - ConditionsThe board of trustees of a district may:
(1) Acquire, by any method other than condemnation, real property in fee simple in the name of the district in connection with, but in excess of that needed for, a project;(2) Hold the property for a period of time as the board determines; and(3) Sell at public auction or otherwise, all right, title, and interest of the district in the property, as the board considers in the best interests of the district; but in no event shall the property be sold for less than two-thirds (2/3) of its appraised value. Sale at public auction shall be undertaken only after the board advertises the sale in a newspaper of general circulation in the district for two (2) weeks prior to the date set for the sale or as provided in KRS 424.130.Added by 2022 Ky. Acts ch. 180,§ 6, eff. 7/13/2022.