Title XIII, Education
16 chapters · 1,306 sections in this title.
KRS § 162.480 Proof of loss -- Appropriations of fund
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When an injury occurs to any building or its contents from fire, tornado, windstorm, cyclone, casualty, explosion, riot, or flood, the business director or secretary of the board of education shall, within thirty (30) days thereafter, prepare and file with the board a sworn writt…
KRS § 162.490 Insurance fund may be used in case of delay in payment under insurance policy
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policy. If any insurance company delays in paying to the board of education the amount of any loss under a policy, the board may, on the recommendation of its building and finance committee, appropriate from the insurance fund a sum not exceeding the amount of the probable loss u…
KRS § 162.500 Prohibited appropriations
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No member of the board of education shall vote for, and no officer of the board shall certify to or draw a check for, an appropriation in violation of KRS 162.440 to 162.490.
KRS § 162.520 Definitions for KRS 162.520 to 162.620
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As used in KRS 162.520 to 162.620, the following terms and words have the following respective meanings, unless another meaning is clearly indicated by the context: (1) As used in KRS 162.540, 162.550, 162.580, 162.590, 162.600, and 162.620 "authority" means "State Property and B…
KRS § 162.540 Interpretation of terms in KRS 162.120 to 162.300 when applied to KRS 162.520 to 162.620
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162.520 to 162.620. Upon receiving a request in writing from a board of education, the authority may, in its discretion, assist such board of education in financing any project by acting in the capacity and manner authorized to be performed by cities under KRS 162.120 to 162.290,…
KRS § 162.550 Ownership of certain moneys determined
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Moneys received by the authority as rentals under any lease, and from the sale of bonds, are declared not to be funds of the Commonwealth but shall be corporate funds of the authority to be held, administered, invested, and disbursed as trust funds under the terms, provisions, pl…
KRS § 162.580 Duty of authority as to each bond issue
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In connection with each bond issue of the authority, it shall be the duty of the authority: (1) To require the board of education to insure the project to its full insurable value, or to the amount of the bonds outstanding from time to time, whichever is the less, against the haz…
KRS § 162.590 Duty of department on request of authority
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It shall be the duty of the department, upon written request of the authority: (1) To cause its auditing staff to audit the financial records of a board of education relating to any identified and described bond issue of the authority, as an incident to the department's next ensu…
KRS § 162.600 Bonds to issue in name of authority -- Identification -- Investment designation
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designation. (1) Bonds of the authority shall be issued in the name of the authority, shall be designated "school building revenue bonds," or, if appropriate, "school building revenue refunding bonds," and shall additionally be identified by the name of the board of education exe…
KRS § 162.620 Sale of bonds -- Conditions
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Bonds of the authority shall be sold only upon the basis of sealed bids or proposals, publicly solicited, received, opened and acted upon. The "publication area," as that term is used in KRS Chapter 424, shall not be deemed to be the area within which the office of the authority …
KRS § 162.990 Penalties
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Any person who violates any of the provisions of KRS 162.500 is liable to the board of education, in an action brought by the board of education, or by any citizen of the district, or by the chief state school officer, for the restoration of the wrongful appropriation. In additio…