Find Legal Information

216.180 Use of depreciation account.

Download pdf

216.180 Use of depreciation account. The funds accumulating to the depreciation account shall be expended in balancing <br>depreciation on the municipal hospital, or in making new constructions or additions <br>thereto. Any such accumulations may be invested as the legislative body may designate. <br>The income from such investments shall be carried into the depreciation account. Effective: October 1, 1942 <br>History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 3235i-11.