(1) Any city acting under the provisions of KRS § 173.010 shall annually, in its annual ordinance fixing the tax rate, include a levy for library purposes not exceeding two cents ($0.02) on each one hundred dollars ($100) worth of property assessed for taxation for city purposes. The amount levied annually shall be credited to the library fund of the city, and the revenue, as collected, shall be paid over to the governing authority of the library by the director of finance in regular weekly installments.
(2) All money so received shall be used exclusively for conducting and maintaining the library for the public purposes mentioned in KRS § 173.010. The governing authority of the library shall make a report to the mayor each September, showing statistics covering the attendance at and the use of the books of the library, the receipts and expenditures of all money handled by it during the year, and other information bearing upon the usefulness of the library to the public.
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 2801a-2.