56.080 Appraisal and valuation of state property.
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/ky/chapter-56/56-080A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Before July 1 of each year, the cabinet shall reconsider its appraisal and valuation of public buildings and personal property belonging to or under the control and use of the state or any state agency, and shall certify any changes in value to the agency that has the custody or control of the property. The appraisal and valuation shall equal the amount that the cabinet deems necessary to replace the property at the time of the appraisal, which may be less actual depreciation.