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183.700 Expenditure and investment of depreciation fund.

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183.700 Expenditure and investment of depreciation fund. The funds accumulating to the depreciation account shall be expended in balancing <br>depreciation in the airport facilities or in making new constructions, extensions or <br>additions thereto. Any such accumulations may be invested as the legislative body of the <br>governmental unit may designate, and if invested the income from such investment shall <br>be carried into the depreciation account. Effective: March 25, 1960 <br>History: Amended 1960 Ky. Acts ch. 179, sec. 47, effective March 25, 1960. -- Created 1945 (1st Extra. Sess.) Ky. Acts ch. 3, sec. 9.