Ky. Rev. Stat. § 45.777

Current through Acts Received April 24, 2024

Section 45.777 - Sale of property purchased with capital construction funds

(1) The proceeds from the sale of major items of equipment or real property, purchased in whole or in part with capital construction funds, shall be deposited into the general fund unless federal funding restraints require otherwise.

(2) The provisions of this section shall not apply to:

(a) The sale of real property held as right-of-way;

(b) The sale of equipment by the Transportation Cabinet; or

(c) The sale of confiscated firearms.

KRS 45.777

Effective:6/4/2010
Amended 2010, (1st Extra. Sess.) Ky. Acts ch. 2, sec. 1, effective6/4/2010. -- Created 1982 Ky. Acts ch. 300, sec. 3, effective 7/15/1982.