262.620 Title to equipment or infrastructure -- Retention -- Transfer to district.
153 words·~1 min read·
/ky/chapter-262/262-620A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Division of Conservation shall retain title to each piece of heavy or specialized equipment or any infrastructure purchased and made available to any soil and water conservation district pursuant to KRS 262.610 until such time as the soil and water conservation districts fully amortize the commission's investment in the equipment or the infrastructure. If the soil and water conservation district purchases infrastructure with use of funds made available by the Division of Conservation for that purpose, then the Division of Conservation shall be listed on the deed to the property jointly with the district.
After the commission's investment in the heavy or specialized equipment or infrastructure has been fully amortized, it is authorized and empowered to transfer the title thereto to the district. If the district has purchased infrastructure with funds made available by the Division of Conservation, the district shall consult with the division prior to the dispossession of the property.