Ky. Rev. Stat. § 106.120
Current through 2024 Ky. Acts ch.225
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
Created 1954 Ky. Acts ch. 18, sec. 12, effective6/17/1954.