269.1 00 Establishment of taxing district for drainage of part of county -- Election -- Issue of bonds. If any pond, marsh or swamp land exists in a small part of any county, and the voters thereof desire to improve that part, and the cost of the improvement a mounts to more than the revenue and income of the county for that year, the county judge/executive may lay off such part of the county into a taxing district to tax the property thereof subject to taxation for state purposes to make the improvement. The co unty judge/executive may submit the proposition to the taxing district in the same way provided for submitting the proposition to the whole county. The election shall be held in conjunction with a regular election, and the proposition shall be filed with t he county clerk not later than the second Tuesday in August preceding the regular election. If two -thirds (2/3) of the voters voting on the proposition vote for it, that fact shall be entered on the order book of the county and semiannual coupon bonds of t he county shall be prepared, delivered and managed as in KRS 269.090, to be paid by taxation of the property in the district subject to taxation for state purposes. y and semiannual coupon bonds of t he county shall be prepared, delivered and managed as in KRS 269.090, to be paid by taxation of the property in the district subject to taxation for state purposes. Effective: July 15, 1996 History: Amended 1996 Ky. Acts ch. 195, sec. 69, effective July 15 , 1996. -- Amended 1978 Ky. Acts ch. 384, sec. 422, effective June 17, 1978. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 2416.
Kentucky Legal Code