The board shall not incur nor permit the incurrence of any indebtedness, in any manner or for any purpose, in an amount exceeding, in any fiscal year of the board, the income and revenue provided for the year through the appropriations provided for in KRS § 212.470 for the purposes of KRS § 212.350 to KRS § 212.620, and funds derived from other sources, without the assent of the voters in the county, including the voters in the municipalities located in the county, voting at an election called and held for that purpose.
Effective: July 15, 1996

Terms Used In Kentucky Statutes 212.450

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Year: means calendar year. See Kentucky Statutes 446.010

History: Amended 1996 Ky. Acts ch. 280, sec. 27, effective July 15, 1996. — Amended
1954 Ky. Acts ch. 168, sec. 2, effective June 17, 1954. — Created 1942 Ky. Acts ch.
41, sec. 8.

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