107.410 Lease of buildings and facilities to governmental units -- Sublease.

259 words·~1 min read·/ky/chapter-107/107-410

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)Any governmental unit within the territorial limits of the county shall be authorized

to lease all or any part of the buildings and related facilities from the district, subject

to constitutional limitations, and the district shall have the power to lease buildings

or any part thereof to said governmental units. Any governmental unit which enters

into such contract of lease may sublease a part or parts of such leased premises to

other governmental units within the territorial limits of the county. No such contract

of lease or any sublease to another governmental unit of a particular building shall

be entered into for a period of more than forty

(40)years but said contract of lease

and each such sublease may be renewable for a like or lesser period. The rentals to

be paid to the district by the lessee shall be specified in the lease agreement, and the

district may agree to contribute a portion or all of such payments from its own

funds. The district shall be bound for the amount of the contribution agreed upon,

provided, however, that such contribution will be payable only from such income

and revenue as actually has been provided to the district.

(2)In determining the amount of the contribution which the board agrees to pay the

board shall take into consideration any previous contributions which may have been

allowed to the particular lessee, previous contributions which may have been

allowed to other governmental units, and the relative assessed values of the property

in the various governmental units in the county.