96.179 Payment of tax equivalent.
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<![CDATA[96.179 Payment of tax equivalent. In lieu of taxes, the board may each year pay to each school district and municipality in <br>which its property is located an amount equivalent to an annual ad valorem tax on the fair <br>cash value of the property of the board located in each such jurisdiction, determined upon <br>the tax rate prevailing in such year. Effective: July 13, 1990 <br>History: Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 300, effective July 13, 1990. -- Created 1946 Ky. Acts ch. 212, sec. 11. ]]>