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KENTUCKY STATUTES AND CODES
106.130 Expenditure of depreciation account funds.
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106.130 Expenditure of depreciation account funds. 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 water district commissioners or
city legislative body may designate and if invested the income from such investments
shall be carried into the depreciation account. Effective: June 17, 1954
History: Created 1954 Ky. Acts ch. 18, sec. 13, effective June 17, 1954.
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106.130 Expenditure of depreciation account funds. 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 water district commissioners or
city legislative body may designate and if invested the income from such investments
shall be carried into the depreciation account. Effective: June 17, 1954
History: Created 1954 Ky. Acts ch. 18, sec. 13, effective June 17, 1954.
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