95A.550 Payments owed to certain merged districts -- Proration if insufficient funds.
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and disburse to each district merged after January 1, 2000, but before July 15, 2002, any
payments owed the district according to the schedule set out in this section. In order to
receive the payment, the trustees of the volunteer fire district shall notify the commission
in writing within sixty (60) days of July 15, 2002, that there has been a merger in their
jurisdiction within that time. If sufficient funds do not exist to make all the payments at
one (1) time owed under the provisions of this subsection, then the available amount shall
be prorated evenly and proportionately and disbursed among those merged districts each
disbursal cycle until the total amount has been paid to each of those districts. The
commission shall not reduce any other payments under KRS 95A.262 to make the
payments under this subsection. Effective: July 15, 2002
History: Created 2002 Ky. Acts ch. 309, sec. 6, effective July 15, 2002.