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KRS 268.380

Cost of improvements not to include interest charges -- Assessed enhanced value conclusive as to benefits

Effective: January 2, 1978 History: Amended 1976 (1st Extra

(1) If bonds are issued or money borrowed, the interest charges thereon shall not be considered a part of the cost of improvement in determining whether or not the cost of improvement is equal to or more than the benefit to the property in the district.

(2) The assessed enhancement of value shall be conclusive as to the benefit that will inure to the property in the district.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.