183.134 Appropriations for airports -- Bond issue, election, tax. (1) In order to provide money for the purchase of property necessary for the establishment or expansion of airports and to construct, equip, and maintain <br>buildings necessary, desirable, or appropriate for airport purposes, or to acquire <br>rights or interests or contracts for services, the legislative body of any governmental <br>unit owning in whole or part any airport or operating an airport, or having any rights <br>or interests in an airport or contracts for services from an airport, may make an <br>annual appropriation from its general fund; or the governmental unit may make an <br>annual levy to collect a tax on taxable property situated in the governmental unit for <br>airport development. Any appropriation shall be made by the legislative body in <br>amounts, in proportion and upon terms as the legislative body may determine. All <br>funds derived from an appropriation or tax shall be turned over to the airport board, <br>if any, for the purpose of carrying out the duties and powers of the board. (2) Whenever a governmental unit deems it necessary to acquire, construct, maintain, expand, finance, or improve any airport facilities or air navigation facilities or rights <br>or interests in any facilities, or to contract for services from the facilities, or for any <br>or all of these purposes, and the annual funds raised from other sources are not <br>sufficient to accomplish the purpose, the governmental unit shall make a careful <br>estimate of the amount of money required for the purpose and shall certify to the <br>proper tax levying authority the fact that an election for an issue of bonds for <br>aviation purposes shall be held, together with the amount of money for which bonds <br>shall be issued and the purpose to which the proceeds shall be applied. The taxing <br>authority shall then adopt an ordinance or resolution submitting to the qualified <br>voters of the district the question as to whether bonds shall be issued for the <br>purpose. The question shall be so framed that the voter may by his vote answer <br>"For" or "Against." (3) The ordinance or resolution shall fix the time the bonds shall run and, if a serial issue, the amount to mature at each time. It shall limit the rate of interest to be <br>permitted on the bonds and the total amount of bonds to be issued, and shall provide <br>for the levy of a tax to pay the interest and to create a sinking fund to retire them at <br>their maturity. (4) The election shall be held at a time fixed in the ordinance or resolution, not less than fifteen (15) nor more than thirty (30) days from the time the certificate of the <br>governmental unit is filed with the tax levying authority, and reasonable notice of <br>the election shall be given. The election shall be conducted and carried out in the <br>governmental unit district in all respects as required by the general election laws, <br>and shall be held by the same officers as required by the general election laws. The <br>expense of the election shall be paid by the fiscal court except where the election is <br>held in a district embracing a city of the first five (5) classes, in which case the cost <br>of the election shall be paid by the governing body of the city. (5) Notwithstanding the limitations contained in KRS 132.023, any governmental unit which after March 21, 1968, levies a tax for aviation purposes under this chapter <br>may exclude the tax from consideration in calculating the compensating tax rate as now or subsequently defined in KRS 132.010 or any amendments or other act <br>substituted relating to that section. Effective: July 15, 1996 <br>History: Amended 1996 Ky. Acts ch. 274, sec. 43, effective July 15, 1996. -- Amended 1980 Ky. Acts ch. 188, sec. 137, effective July 15, 1980. -- Amended 1968 Ky. Acts <br>ch. 83, sec. 1. -- Amended 1964 Ky. Acts ch. 134, sec. 7. -- Created 1960 Ky. Acts <br>ch. 179, sec. 34.
183.134 Appropriations for airports -- Bond issue, election, tax. (1) In order to provide money for the purchase of property necessary for the establishment or expansion of airports and to construct, equip, and maintain <br>buildings necessary, desirable, or appropriate for airport purposes, or to acquire <br>rights or interests or contracts for services, the legislative body of any governmental <br>unit owning in whole or part any airport or operating an airport, or having any rights <br>or interests in an airport or contracts for services from an airport, may make an <br>annual appropriation from its general fund; or the governmental unit may make an <br>annual levy to collect a tax on taxable property situated in the governmental unit for <br>airport development. Any appropriation shall be made by the legislative body in <br>amounts, in proportion and upon terms as the legislative body may determine. All <br>funds derived from an appropriation or tax shall be turned over to the airport board, <br>if any, for the purpose of carrying out the duties and powers of the board. (2) Whenever a governmental unit deems it necessary to acquire, construct, maintain, expand, finance, or improve any airport facilities or air navigation facilities or rights <br>or interests in any facilities, or to contract for services from the facilities, or for any <br>or all of these purposes, and the annual funds raised from other sources are not <br>sufficient to accomplish the purpose, the governmental unit shall make a careful <br>estimate of the amount of money required for the purpose and shall certify to the <br>proper tax levying authority the fact that an election for an issue of bonds for <br>aviation purposes shall be held, together with the amount of money for which bonds <br>shall be issued and the purpose to which the proceeds shall be applied. The taxing <br>authority shall then adopt an ordinance or resolution submitting to the qualified <br>voters of the district the question as to whether bonds shall be issued for the <br>purpose. The question shall be so framed that the voter may by his vote answer <br>"For" or "Against." (3) The ordinance or resolution shall fix the time the bonds shall run and, if a serial issue, the amount to mature at each time. It shall limit the rate of interest to be <br>permitted on the bonds and the total amount of bonds to be issued, and shall provide <br>for the levy of a tax to pay the interest and to create a sinking fund to retire them at <br>their maturity. (4) The election shall be held at a time fixed in the ordinance or resolution, not less than fifteen (15) nor more than thirty (30) days from the time the certificate of the <br>governmental unit is filed with the tax levying authority, and reasonable notice of <br>the election shall be given. The election shall be conducted and carried out in the <br>governmental unit district in all respects as required by the general election laws, <br>and shall be held by the same officers as required by the general election laws. The <br>expense of the election shall be paid by the fiscal court except where the election is <br>held in a district embracing a city of the first five (5) classes, in which case the cost <br>of the election shall be paid by the governing body of the city. (5) Notwithstanding the limitations contained in KRS 132.023, any governmental unit which after March 21, 1968, levies a tax for aviation purposes under this chapter <br>may exclude the tax from consideration in calculating the compensating tax rate as now or subsequently defined in KRS 132.010 or any amendments or other act <br>substituted relating to that section. Effective: July 15, 1996 <br>History: Amended 1996 Ky. Acts ch. 274, sec. 43, effective July 15, 1996. -- Amended 1980 Ky. Acts ch. 188, sec. 137, effective July 15, 1980. -- Amended 1968 Ky. Acts <br>ch. 83, sec. 1. -- Amended 1964 Ky. Acts ch. 134, sec. 7. -- Created 1960 Ky. Acts <br>ch. 179, sec. 34.
183.134 Appropriations for airports -- Bond issue, election, tax. (1) In order to provide money for the purchase of property necessary for the establishment or expansion of airports and to construct, equip, and maintain <br>buildings necessary, desirable, or appropriate for airport purposes, or to acquire <br>rights or interests or contracts for services, the legislative body of any governmental <br>unit owning in whole or part any airport or operating an airport, or having any rights <br>or interests in an airport or contracts for services from an airport, may make an <br>annual appropriation from its general fund; or the governmental unit may make an <br>annual levy to collect a tax on taxable property situated in the governmental unit for <br>airport development. Any appropriation shall be made by the legislative body in <br>amounts, in proportion and upon terms as the legislative body may determine. All <br>funds derived from an appropriation or tax shall be turned over to the airport board, <br>if any, for the purpose of carrying out the duties and powers of the board. (2) Whenever a governmental unit deems it necessary to acquire, construct, maintain, expand, finance, or improve any airport facilities or air navigation facilities or rights <br>or interests in any facilities, or to contract for services from the facilities, or for any <br>or all of these purposes, and the annual funds raised from other sources are not <br>sufficient to accomplish the purpose, the governmental unit shall make a careful <br>estimate of the amount of money required for the purpose and shall certify to the <br>proper tax levying authority the fact that an election for an issue of bonds for <br>aviation purposes shall be held, together with the amount of money for which bonds <br>shall be issued and the purpose to which the proceeds shall be applied. The taxing <br>authority shall then adopt an ordinance or resolution submitting to the qualified <br>voters of the district the question as to whether bonds shall be issued for the <br>purpose. The question shall be so framed that the voter may by his vote answer <br>"For" or "Against." (3) The ordinance or resolution shall fix the time the bonds shall run and, if a serial issue, the amount to mature at each time. It shall limit the rate of interest to be <br>permitted on the bonds and the total amount of bonds to be issued, and shall provide <br>for the levy of a tax to pay the interest and to create a sinking fund to retire them at <br>their maturity. (4) The election shall be held at a time fixed in the ordinance or resolution, not less than fifteen (15) nor more than thirty (30) days from the time the certificate of the <br>governmental unit is filed with the tax levying authority, and reasonable notice of <br>the election shall be given. The election shall be conducted and carried out in the <br>governmental unit district in all respects as required by the general election laws, <br>and shall be held by the same officers as required by the general election laws. The <br>expense of the election shall be paid by the fiscal court except where the election is <br>held in a district embracing a city of the first five (5) classes, in which case the cost <br>of the election shall be paid by the governing body of the city. (5) Notwithstanding the limitations contained in KRS 132.023, any governmental unit which after March 21, 1968, levies a tax for aviation purposes under this chapter <br>may exclude the tax from consideration in calculating the compensating tax rate as now or subsequently defined in KRS 132.010 or any amendments or other act <br>substituted relating to that section. Effective: July 15, 1996 <br>History: Amended 1996 Ky. Acts ch. 274, sec. 43, effective July 15, 1996. -- Amended 1980 Ky. Acts ch. 188, sec. 137, effective July 15, 1980. -- Amended 1968 Ky. Acts <br>ch. 83, sec. 1. -- Amended 1964 Ky. Acts ch. 134, sec. 7. -- Created 1960 Ky. Acts <br>ch. 179, sec. 34.
