Statutes > Kentucky Statutes > CHAPTER 160 SCHOOL DISTRICTS > 160.640 Custodian of tax funds to give bond -- Department of Revenue excepted -- Expense, how paid.

160.640 Custodian of tax funds to give bond -- Department of Revenue excepted -- Expense, how paid.

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160.640 Custodian of tax funds to give bond -- Department of Revenue excepted -- Expense, how paid. Any person having custody of the proceeds of any school tax authorized by KRS 160.605 <br>to 160.611, 160.613 to 160.617, and 160.621 to 160.633, except the Department of <br>Revenue, shall be required to secure a corporate surety bond in an amount to be set by the <br>Kentucky Board of Education. The cost of the surety bond shall be considered a part of <br>the cost of the administration of the school taxes authorized under KRS 160.605 to <br>160.611, 160.613 to 160.617, and 160.621 to 160.633. Effective: July 1, 2005 <br>History: Amended 2005 Ky. Acts ch. 85, sec. 598, effective July 1, 2005. -- Amended 2004 Ky. Acts ch. 79, sec. 14, effective July 1, 2005. -- Amended 1996 Ky. Acts <br>ch. 362, sec. 6, effective July 15, 1996. -- Repealed and reenacted 1990 Ky. Acts <br>ch. 476, Pt. V, sec. 471, effective July 13, 1990. -- Amended 1978 Ky. Acts ch. 155, <br>sec. 82, effective June 17, 1978. -- Amended 1976 Ky. Acts ch. 127, sec. 18. -- <br>Amended 1972 Ky. Acts ch. 203, sec. 26. -- Created 1966 Ky. Acts ch. 24, Part III, <br>sec. 19.