Kentucky Statutes 268.380 – Cost of improvements not to include interest charges — Assessed enhanced value conclusive as to benefits
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(1) If bonds are issued or money borrowed, the interest charges thereon shall not be considered a part of the cost of improvement in determining whether or not the cost of improvement is equal to or more than the benefit to the property in the district.
(2) The assessed enhancement of value shall be conclusive as to the benefit that will inure to the property in the district.
Effective: January 2, 1978
History: Amended 1976 (1st Extra. Sess.) Ky. Acts ch. 14, sec. 246, effective January
2, 1978. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from
Ky. Stat. sec. 2380b-24.
(2) The assessed enhancement of value shall be conclusive as to the benefit that will inure to the property in the district.
Terms Used In Kentucky Statutes 268.380
- Property: includes land, railroads, sewers, streets and public highways. See Kentucky Statutes 268.010
Effective: January 2, 1978
History: Amended 1976 (1st Extra. Sess.) Ky. Acts ch. 14, sec. 246, effective January
2, 1978. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from
Ky. Stat. sec. 2380b-24.