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56.080 Appraisal and valuation of state property.

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56.080 Appraisal and valuation of state property. Before July 1 of each year, the cabinet shall reconsider its appraisal and valuation of <br>public buildings and personal property belonging to or under the control and use of the <br>state or any state agency, and shall certify any changes in value to the agency that has the <br>custody or control of the property. The appraisal and valuation shall equal the amount that <br>the cabinet deems necessary to replace the property at the time of the appraisal, which <br>may be less actual depreciation. Effective: July 15, 2010 <br>History: Amended 2010 Ky. Acts ch. 24, sec. 41, effective July 15, 2010. -- Amended 1998 Ky. Acts ch. 483, sec. 33, effective July 15, 1998. -- Recodified 1942 Ky. Acts <br>ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4636-22, 4636-23.