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KENTUCKY STATUTES AND CODES
96.450 Expenditure and investment of depreciation fund.
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96.450 Expenditure and investment of depreciation fund. The funds accumulating to the depreciation account shall be expended in balancing
depreciation in the waterworks or in making new constructions, extensions or additions
thereto. Any such accumulations may be invested as the city legislative body may
designate, and if invested the income from such investments shall be carried into the
depreciation account. Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 2741L-11, 2741L-33.
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96.450 Expenditure and investment of depreciation fund. The funds accumulating to the depreciation account shall be expended in balancing
depreciation in the waterworks or in making new constructions, extensions or additions
thereto. Any such accumulations may be invested as the city legislative body may
designate, and if invested the income from such investments shall be carried into the
depreciation account. Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 2741L-11, 2741L-33.
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