Statutes, codes, and regulations
Kentucky Revised Statutes
Title 9 - COUNTIES, CITIES, AND OTHER LOCAL UNITSChapter 96 - UTILITIES IN CITIES
POWERS OF CITIES OF THIRD TO SIXTH CLASS
Section 96.200 - Use of profits from city-owned public utility

Ky. Rev. Stat. § 96.200

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Current through 2024 Ky. Acts ch.225
Section 96.200 - Use of profits from city-owned public utility

Except as otherwise provided in KRS 96.550 to 96.900, the legislative body of any city may, by ordinance, provide in what manner and for what purpose any profits, earnings or surplus funds arising from the operation of any public utility owned or operated by the city may be used and expended. The ordinance may be amended or repealed from time to time. Until such an ordinance is enacted any surplus earnings shall be paid into the city treasury, to be expended for the general purposes of government in the city.

KRS 96.200

Amended by 2019 Ky. Acts ch. 44,§ 17, eff. 6/26/2019.
Amended by 2014 Ky. Acts ch. 92,§ 161, eff. 1/1/2015.
Effective:6/16/1960
Amended 1960 Ky. Acts ch. 231, sec. 1, effective6/16/1960. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective 10/1/1942, from Ky. Stat. sec. 3490-35.