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67A.849 Subsequent referendum to increase, decrease, or eliminate funding sources.

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Page 1 of 1 67A.849 Subsequent referendum to increase, decrease, or eliminate funding sources. (1) At any time not earlier than five (5) years following the passage of a purchase of development rights proposal in a referendum authorized by KRS 67A.843 and <br>67A.847, a referendum may be held on the question of whether to increase, <br>decrease, or eliminate the funding sources of the program, either upon the adoption <br>of a resolution by the legislative body of the urban-county government or upon the <br>filing of a duly certified petition, according to the same procedures set forth in KRS <br>67A.847. (2) The passage of a referendum to decrease or eliminate the funding sources for a purchase of development rights program will not be legally effective prior to the <br>satisfaction of all contractual obligations that have been assumed by pertinent <br>contracting authorities in connection with the program. Effective: July 15, 1998 <br>History: Created 1998 Ky. Acts ch. 372, sec. 6, effective July 15, 1998.