Kentucky Statutes 201.160 – Appropriations for purchase of property — Right to alienate property
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(1) In order to provide money for the purchase of property and the construction and equipment of buildings for the home, the fiscal court of the county may make an annual appropriation from the general fund of the county, and the legislative body of the city of the first class may make an annual appropriation from the general fund of the city. The appropriations, when in the judgment of the fiscal court and the legislative body of the city reasonably necessary for such purposes, shall be made by the county and the city in such amounts, in such proportion and upon such terms as the fiscal court and the legislative body may agree and provide. Moneys so appropriated may be paid over to the board in regular monthly installments.
(2) Whenever the board is able to raise sufficient funds for carrying out the purposes of this chapter by the use, lease, sale, exchange, mortgage or pledge of property which has been conveyed to the board, the appropriations mentioned in subsection (1) of this section shall not be made. The action of the board in making such sale, exchange, mortgage or pledge, must be approved by the county judge/executive and the mayor of such city.
(3) The appropriations made under this section shall not be expended by the board for any purpose other than that provided in subsection (1) of this section.
Effective: June 17, 1954
History: Amended 1954 Ky. Acts ch. 169, sec. 1, effective June 17, 1954. — Recodified
1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 938b-4,
938b-6.
(2) Whenever the board is able to raise sufficient funds for carrying out the purposes of this chapter by the use, lease, sale, exchange, mortgage or pledge of property which has been conveyed to the board, the appropriations mentioned in subsection (1) of this section shall not be made. The action of the board in making such sale, exchange, mortgage or pledge, must be approved by the county judge/executive and the mayor of such city.
Terms Used In Kentucky Statutes 201.160
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Appropriation: means an authorization by the General Assembly to expend, from public funds, a sum of money not in excess of the sum specified, for the purposes specified in the authorization and under the procedure prescribed in KRS Chapter 48. See Kentucky Statutes 446.010
- Board: means the body created by KRS §. See Kentucky Statutes 201.010
- City: includes town. See Kentucky Statutes 446.010
- Home: means the institution to be established and maintained in any county having a city of the first class, in conformity with the provisions of this chapter. See Kentucky Statutes 201.010
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
(3) The appropriations made under this section shall not be expended by the board for any purpose other than that provided in subsection (1) of this section.
Effective: June 17, 1954
History: Amended 1954 Ky. Acts ch. 169, sec. 1, effective June 17, 1954. — Recodified
1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 938b-4,
938b-6.