Kentucky Statutes 173.070 – Appropriation for public library — Disposition of revenue — Report to legislative body
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(1) In order to provide funds for the establishment and maintenance of a library established as provided in KRS § 173.030, the legislative body of a city of the first class shall annually appropriate from the general fund of the city such sum as in the judgment of the legislative body shall be reasonably necessary for such purposes. Moneys so appropriated shall be credited to the library fund of the city, and may be paid over to the board of trustees by the director of finance of such city in regular monthly installments.
(2) The board shall make a report to the city legislative body each July, showing the use of the library for the fiscal year ending the last day of June preceding, the receipts and expenditures of all money handled by it during the year, and giving such other information as may promote the usefulness of the library to the public, or as is called for by the city legislative body. No portion of the property or fund held for library purposes under this section shall ever be applied to the support of any library not exclusively under the control of the board of trustees.
History: Amended 1954 Ky. Acts ch. 164, sec. 7. — Amended 1946 Ky. Acts ch. 197, sec. 2. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 2801b-6.
(2) The board shall make a report to the city legislative body each July, showing the use of the library for the fiscal year ending the last day of June preceding, the receipts and expenditures of all money handled by it during the year, and giving such other information as may promote the usefulness of the library to the public, or as is called for by the city legislative body. No portion of the property or fund held for library purposes under this section shall ever be applied to the support of any library not exclusively under the control of the board of trustees.
Terms Used In Kentucky Statutes 173.070
- City: includes town. See Kentucky Statutes 446.010
- 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.
- Year: means calendar year. See Kentucky Statutes 446.010
History: Amended 1954 Ky. Acts ch. 164, sec. 7. — Amended 1946 Ky. Acts ch. 197, sec. 2. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 2801b-6.