65.150 Expenditure of funds for liability or property insurance.

211 words·~1 min read·/ky/chapter-65/65-150

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

(1)A county or city or urban-county government and any board, commission, agency or

authority of a county, city or urban-county government may expend funds necessary

to insure any of its employees, officials and property against any liability or property

damage arising out of an act or omission committed in the scope and course of

performing legal duties.

(2)A county fee officer and his deputies and assistants may be insured pursuant to

subsection

(1)of this section, or the officer may expend excess fees to insure

himself and his deputies and assistants against any liability arising out of an act or

omission committed in the scope and course of performing legal duties.

(3)Any parties eligible to expend funds for insurance pursuant to this section may

associate, pursuant to KRS 65.210 to 65.300, for the purpose of insuring themselves

against any liability or property damage.

(4)An association of governmental units formed for the purpose of providing insurance

to the participating members may act on behalf of and with the approval of the

participating governmental units to borrow money and issue revenue bonds to fund

the costs of providing the insurance. Revenue bonds issued pursuant to the authority

granted in this subsection shall be issued in accordance with KRS 65.270.