Statutes > Kentucky Statutes > CHAPTER 58 ACQUISITION AND DEVELOPMENT OF PUBLIC PROJECTS THROUGH REVENUE BONDS > 58.090 Expenditure and investment of depreciation fund.

58.090 Expenditure and investment of depreciation fund.

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58.090 Expenditure and investment of depreciation fund. The funds accumulating to the depreciation account shall be expended in balancing <br>depreciation in the public project or in making new constructions, extensions or additions <br>thereto. Any such accumulations may be invested as the governmental agency may <br>designate, and if invested the income from such investment shall be carried into the <br>depreciation account. History: Created 1946 Ky. Acts ch. 126, sec. 9.