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Marginalia
Code · Kentucky · Chapter 160 — School districts

160.065 Liability for indebtedness in case of annexation.

74 words·~1 min read·/ky/chapter-160/160-065

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

When any property assessable for school purposes in one school district is annexed by or transferred to another school district, the recipient district shall assume a part of the indebtedness, if any, of the other school district incurred for school buildings and grounds in the proportion the assessed valuation of property taxable for school purposes transferred bears to the total assessed valuation of property taxable for school purposes in the district losing the territory.
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