Ky. Rev. Stat. § 160.065
Current through 2024 Ky. Acts ch.225
When any property assessable for school purposes in one school district is annexed by or transferred to another school district, the recipient district shall assume a part of the indebtedness, if any, of the other school district incurred for school buildings and grounds in the proportion the assessed valuation of property taxable for school purposes transferred bears to the total assessed valuation of property taxable for school purposes in the district losing the territory.
KRS 160.065
Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 421, effective7/13/1990. -- Created 1942 Ky. Acts ch. 197, sec. 1.