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KRS 45.777

Sale of property purchased with capital construction funds

Known as the Kentucky Equal Employment Opportunity Act

The act spans §§ 45–45 (161 sections).

Effective: June 4, 2010 History: Amended 2010 (1st Extra

(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.

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