The funds accumulating to the depreciation account shall be expended in balancing depreciation in the airport facilities or in making new constructions, extensions or additions thereto. Any such accumulations may be invested as the legislative body of the governmental unit may designate, and if invested the income from such investment shall be carried into the depreciation account.
Effective: March 25, 1960

Terms Used In Kentucky Statutes 183.700

  • governmental unit: means any city, or the combination of any two (2) or more thereof, or any county, urban-county government, or combination of two (2) or more such counties, city or cities, acting jointly with any county or counties or an airboard or board established as provided in this chapter. See Kentucky Statutes 183.012

History: Amended 1960 Ky. Acts ch. 179, sec. 47, effective March 25, 1960. — Created
1945 (1st Extra. Sess.) Ky. Acts ch. 3, sec. 9.

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