Code · Kentucky · Chapter 45 — Budget and financial administration

45.777 Sale of property purchased with capital construction funds.

72 words·~1 min read·/ky/chapter-45/45-777

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

(1)The proceeds from the sale of major items of equipment or real property, purchased

in whole or in part with capital construction funds, shall be deposited into the

general fund unless federal funding restraints require otherwise.

(2)The provisions of this section shall not apply to:

(a)The sale of real property held as right-of-way;

(b)The sale of equipment by the Transportation Cabinet; or

(c)The sale of confiscated firearms.