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Kentucky Revised Statutes Title VI. Financial Administration § 45.777.Sale of property purchased with capital construction funds

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) The proceeds from the sale of major items of equipment or real property, purchased in whole or in part with capital construction funds, shall be deposited into the general fund unless federal funding restraints require otherwise.

(2) The provisions of this section shall not apply to:

(a) The sale of real property held as right-of-way;

(b) The sale of equipment by the Transportation Cabinet; or

(c) The sale of confiscated firearms.

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Cite this article: FindLaw.com - Kentucky Revised Statutes Title VI. Financial Administration § 45.777.Sale of property purchased with capital construction funds - last updated January 01, 2025 | https://codes.findlaw.com/ky/title-vi-financial-administration/ky-rev-st-sect-45-777/

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