(1) Within sixty (60) days after the close of each fiscal year the board shall make a written report to the Department for Libraries and Archives. A copy of this report shall be filed with the county clerk of each county within the district. The report shall contain:
(a) A statement of the property acquired by devise, bequest, purchase, gift or otherwise during the fiscal year;
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Terms Used In Kentucky Statutes 173.570

  • Bequest: Property gifted by will.
  • Devise: To gift property by will.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Year: means calendar year. See Kentucky Statutes 446.010

(b) A statement of the character of library service furnished to the district during the fiscal year; and
(c) Any other statistics or information requested by the Department for Libraries and Archives.
(2) The board shall comply with the provisions of KRS § 65A.010 to KRS § 65A.090.
Effective: March 21, 2013
History: Amended 2013 Ky. Acts ch. 40, sec. 60, effective March 21, 2013. — Created
1960 Ky. Acts ch. 114, sec. 13, effective June 16, 1960.

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