162.020 Transfer of property from one district to another -- Title not affected -- District may own school in another district. - Kentucky Statutes

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162.020 Transfer of property from one district to another -- Title not affected -- District may own school in another district. (1) The title to school property in territory transferred from one (1) school district to another shall not be affected by the transfer. In case of the sale of such property the
board of education to which the property belongs may allow a credit on the sale
price of the property in proportion to the ratio which the school population of the
transferred territory is to the total school population of the district from which the
territory was transferred before the transfer was made. (2) A board of education owning and operating a school plant in another district on June 14, 1934, may continue to own and operate the plant, and a county board of
education may establish and maintain a school in an independent school district.
Any independent school district may purchase school sites and establish and
maintain schools outside the limits of the independent district, but independent
districts containing cities of the first or second class shall not purchase school sites
or establish or maintain schools outside the county in which the independent district
is located. Effective: July 13, 1990
History: Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 549, effective July 13, 1990. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942,
from Ky. Stat. sec. 4399-5.