Statutes > Kentucky Statutes > CHAPTER 92 FINANCE AND REVENUE OF CITIES OTHER THAN THE FIRST CLASS > 92.330 Purpose of tax to be specified -- Funds not to be diverted.

92.330 Purpose of tax to be specified -- Funds not to be diverted.

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92.330 Purpose of tax to be specified -- Funds not to be diverted. All taxes and license fees levied or imposed by cities of the second to sixth class shall be <br>levied or imposed by ordinance. The purpose for which each tax is levied or license fee <br>imposed shall be specified in the ordinance, and the revenue therefrom shall be expended <br>for no other purpose than that for which the tax was levied or the license fee imposed. <br>Failure to specify the purpose of the tax or license fee shall render the ordinance invalid. Effective: October 1, 1942 <br>History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 3175, 3290-12, 4281u-2.