Except as otherwise provided in KRS 96.550 to 96.900, the legislative body of any city may, by ordinance, provide in what manner and for what purpose any profits, earnings or surplus funds arising from the operation of any public utility owned or operated by the city may be used and expended. The ordinance may be amended or repealed from time to time. Until such an ordinance is enacted any surplus earnings shall be paid into the city treasury, to be expended for the general purposes of government in the city.
KRS 96.200
Use of profits from city-owned public utility
Applied in 1 court decision — leading case Electric Plant Board, Etc. v. City of Mayfield (1945)
Most recently applied in Electric Plant Board, Etc. v. City of Mayfield (January 1945)
Effective: June 27, 2019 History: Amended 2019 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.