<br><br>66.523 Public improvements financing plan -- Contents -- Implementation -- <br>Annual report of board. <br>(1) The board shall prepare a public improvements financing plan which shall become <br>the basis of all its operations including its requests to the fiscal court for <br>appropriations for improvements and facilities described in KRS 66.520. In <br>preparing the plan the board may use the services of all governmental agencies <br>having any duties in connection with the matters of statewide concern described in <br>KRS 66.520. The plan shall include in detail the sources of revenue to defray the <br>costs of all projects. Revenue from appropriations made under KRS 66.520 and <br>planned revenue from annual rental payments shall not be aggregated with each <br>other or any other sources of revenue for any improvement contemplated. <br>(2) The board shall submit its plan to the fiscal court before incurring any obligation <br>(aside from costs incident to preparation of the plan) with respect to any public <br>improvement. If the fiscal court does not disapprove of the plan in part or as a <br>whole within ninety (90) days from the time the board transmits the plan to the <br>fiscal court, the board may implement the plan to the extent it was not disapproved. <br>The failure of the fiscal court to disapprove the plan, or part of it, shall in no way be <br>deemed to make any obligation incurred by the board under the plan an obligation <br>of the fiscal court. <br>(3) Annually, at least ninety (90) days prior to the adoption of the proposed county <br>budget pursuant to KRS 68.240, the board shall submit to the fiscal court a report of <br>its affairs. Any supplements or amendments to the board's plan shall be included in <br>the report. The fiscal court shall have ninety (90) days to disapprove of any <br>supplements or amendments. Disapproval or the lack of it for all or any parts of the <br>supplements or amendments shall have the same results as subsection (2) orders for <br>the original plan. <br>(4) No amendment or supplement shall reduce or release any prior obligation of the <br>board without consent of the obligees. <br>Effective: July 15, 1980 <br>History: Amended 1980 Ky. Acts ch. 19, sec. 10, effective July 15, 1980. -- Created <br>1966 Ky. Acts ch. 232, sec. 5. <br><br>