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96A.360 Annual budget and report of transit authority required.

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96A.360 Annual budget and report of transit authority required. Not less than annually any transit authority for the benefit of which a mass transportation <br>program has been approved by the electorate of any public body, or by the electorate of its <br>transit area in the event all public bodies comprising the membership of such transit <br>authority have submitted such mass transportation program to the electorate of such <br>transit area as provided by KRS 96A.310 to 96A.370, shall file with such public body or <br>public bodies an annual budget of current expenses and an annual report, together with <br>such other periodic reports and data as such public bodies may reasonably require and <br>prescribe. Such annual budget may be approved or disapproved by such public body or <br>public bodies, or may be caused by such public body or public bodies to be revised, <br>amended, or otherwise altered in the sound discretion of such public body or public <br>bodies. Provided, however, that no disbursement of any funds within any mass transit <br>trust fund shall be made until such annual budget shall in its final form be approved by <br>the governing bodies of all such public bodies. Effective: March 27, 1974 <br>History: Created 1974 Ky. Acts ch. 169, sec. 6, effective March 27, 1974.