173.020 Tax for existing library -- Report to mayor.

164 words·~1 min read·/ky/chapter-173/173-020

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

(1)Any city acting under the provisions of KRS 173.010 shall annually, in its annual

ordinance fixing the tax rate, include a levy for library purposes not exceeding two

cents ($0.02) on each one hundred dollars ($100) worth of property assessed for

taxation for city purposes. The amount levied annually shall be credited to the

library fund of the city, and the revenue, as collected, shall be paid over to the

governing authority of the library by the director of finance in regular weekly

installments.

(2)All money so received shall be used exclusively for conducting and maintaining the

library for the public purposes mentioned in KRS 173.010. The governing authority

of the library shall make a report to the mayor each September, showing statistics

covering the attendance at and the use of the books of the library, the receipts and

expenditures of all money handled by it during the year, and other information

bearing upon the usefulness of the library to the public.