97.700 Appropriation or tax levy to maintain memorial. - Kentucky Statutes

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97.700 Appropriation or tax levy to maintain memorial. (1) In order to provide sufficient funds for maintaining the memorial and for carrying on the work of the commission the city legislative body in cities of the first class
shall annually appropriate from the general fund of the city such sums as in the
judgment of the legislative body shall, when supplemented by any funds received by
the commission from gifts or earnings of the memorial, be reasonably necessary for
such purposes. All moneys so appropriated may be paid over to the commission by
the director of finance of such city in regular monthly installments. If it appears
from the report or statement of the commission that funds received by gift or from
earnings of the memorial, available for maintenance of the memorial for any fiscal
year, are fully adequate for the purpose, the appropriation for such year may be
withheld by the legislative body. (2) For the purpose of providing necessary funds for maintaining such memorial and for carrying on the work of the commission a city legislative body of cities of the
second, third, fourth, fifth and sixth classes may annually appropriate from the
general fund of the city or annually levy and collect a tax not exceeding five cents
($0.05) on each one hundred dollars ($100) worth of taxable property in such city as
determined by the last regular assessment of such city, and the taxes so levied shall
be collected in the customary way and shall be paid over to said commission for the
purpose named in this section; provided, however, that if it shall appear from the
report or statement of the commission that funds received by gift or from earnings
of the memorial, available for maintenance of the memorial for any fiscal year, are
fully adequate therefor after deductions therefrom are made as herein provided, the
said tax levy for such year may be withheld by the city legislative body. Effective: July 15, 1982
History: Amended 1982 Ky. Acts ch. 363, sec. 4, effective July 15, 1982. -- Amended 1954 Ky. Acts ch. 164, sec. 4, effective June 17, 1954. -- Recodified 1942 Ky. Acts
ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 3037i-10, 3037i-11.