97.700 Appropriation or tax levy to maintain memorial.
313 words·~1 min read·
/ky/chapter-97/97-700A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)In order to provide sufficient funds for maintaining the memorial and for carrying
on the work of the commission the city legislative body in cities of the first class
shall annually appropriate from the general fund of the city such sums as in the
judgment of the legislative body shall, when supplemented by any funds received by
the commission from gifts or earnings of the memorial, be reasonably necessary for
such purposes. All moneys so appropriated may be paid over to the commission by
the director of finance of such city in regular monthly installments. If it appears
from the report or statement of the commission that funds received by gift or from
earnings of the memorial, available for maintenance of the memorial for any fiscal
year, are fully adequate for the purpose, the appropriation for such year may be
withheld by the legislative body.
(2)For the purpose of providing necessary funds for maintaining such memorial and for
carrying on the work of the commission a city legislative body of cities of the home
rule class may annually appropriate from the general fund of the city or annually
levy and collect a tax not exceeding five cents ($0.05) on each one hundred dollars
($100) worth of taxable property in such city as determined by the last regular
assessment of such city, and the taxes so levied shall be collected in the customary
way and shall be paid over to said commission for the purpose named in this
section; provided, however, that if it shall appear from the report or statement of the
commission that funds received by gift or from earnings of the memorial, available
for maintenance of the memorial for any fiscal year, are fully adequate therefor after
deductions therefrom are made as herein provided, the said tax levy for such year
may be withheld by the city legislative body.