The board, upon the assumption of office, shall assume all the duties, responsibilities, and liabilities of all previous entities that have been merged into the district. The territories of former districts, cities, and unincorporated territory shall become special taxing districts until their indebtedness has been relieved. Any agreements established by former entities now merged into the district for the provision of services outside the district as established and for other legally binding agreements only until expired shall remain in effect for terms of service and duration as the agreement created has specified.
Effective: June 29, 2021

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Kentucky Statutes 75A.070

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.

History: Created 2021 Ky. Acts ch. 116, sec. 7, effective June 29, 2021.