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65.580 City or county may appropriate funds or levy tax for use of riverport authority.

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65.580 City or county may appropriate funds or levy tax for use of riverport authority. In order to provide money for the costs of administration, operation, maintenance, and <br>development and for the purchase, lease, option, or holding of property, or rights therein, <br>necessary or proper for the purposes contemplated in KRS 65.510 to 65.650, the <br>legislative body of any governmental unit creating the riverport authority under KRS <br>65.510 to 65.650 may annually appropriate funds to the authority; or such governmental <br>unit may make an annual levy to collect a tax on taxable property situated in the <br>governmental unit for such riverport development. Any appropriation shall be made by <br>the legislative body in such amounts, in such proportion and upon such terms as the <br>legislative body may determine. All funds derived from such appropriation or tax shall be <br>turned over to the riverport authority for the purpose of carrying out the duties and powers <br>of the authority. History: Amended 1968 Ky. Acts ch. 118, sec. 6. -- Created 1964 Ky. Acts ch. 48, sec. 4.