67A.849 Subsequent referendum to increase, decrease, or eliminate funding sources. (1) At any time not earlier than five (5) years following the passage of a purchase of development rights proposal in a referendum authorized by KRS 67A.843 and 67A.847, a referendum may be held on the question of whether to increase, decrease, or eliminat e the funding sources of the program, either upon the adoption of a resolution by the legislative body of the urban -county government or upon the filing of a duly certified petition, according to the same procedures set forth in KRS 67A.847. (2) The passag e of a referendum to decrease or eliminate the funding sources for a purchase of development rights program will not be legally effective prior to the satisfaction of all contractual obligations that have been assumed by pertinent contracting authorities i n connection with the program. Effective: July 15, 1998 History: Created 1998 Ky. Acts ch. 372, sec. 6, effective July 15, 1998.
Kentucky Legal Code