216.360 Winding up of affairs on dissolution -- Disposition of funds.
60 words·~1 min read·
/ky/chapter-216/216-360A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
After a district has been dissolved, the board shall proceed to terminate the affairs of the district. After payment of all obligations, all moneys remaining in the hospital district fund shall be prorated on the basis of the assessed valuation of the taxable property within the district and so credited to the general fund of the counties composing the district.