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Code · Kentucky · Chapter 58 — Acquisition and development of public projects through revenue bonds

58.090 Expenditure and investment of depreciation fund.

53 words·~1 min read·/ky/chapter-58/58-090

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The funds accumulating to the depreciation account shall be expended in balancing depreciation in the public project or in making new constructions, extensions or additions thereto. Any such accumulations may be invested as the governmental agency may designate, and if invested the income from such investment shall be carried into the depreciation account.
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