Kentucky Revised Statutes
Ky. Rev. Stat. § 162.120 (2026)
Independent district in city may convey property to city to provide
✓ current as of May 2026
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buildings. To provide buildings for school purposes, boards of education of school districts embracing a city of any class may convey to the city a fee simple title with covenant of general warranty to a site now held or hereafter acquired by the boards of education. Effective: July 13, 1990 History: Amended 1990 Ky. Acts ch. 476, sec. 253, effective July 13, 1990. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4421-1.
Notes of Decisions
Cited in 10
cases, 1944–1979 · leading case: City of Bowling Green v. Bd. of Educ., 443 S.W.2d 243 (Ky. Ct. App. 1969).
City of Bowling Green v. Bd. of Educ., 443 S.W.2d 243 (Ky. Ct. App. 1969). “1: May the City of Bowling Green, Kentucky, accept from the Board of the District a conveyance of the high school site under authority of KRS 162.120, and an offer to lease back the site, as improved by the construction of the desired high school building and appurtenant…”
Fyfe v. Hardin Cnty. Bd. of Educ., 205 S.W.2d 165 (Ky. Ct. App. 1947). “290 of the Kentucky Revised Statutes shall be applicable to counties and county boards of education as well as to cities and city boards of education “except that the provisions of KRS 162.120 to 162.140 may be used only for the construction of school buildings with financial…”
Fosson v. Fiscal Court of Boyd Cnty., 369 S.W.2d 108 (Ky. Ct. App. 1963). “Under KRS 162'300 county boards of education and boards of independent school districts, not embracing a city of any class, in order to obtain buildings for school purposes, are permitted to follow the same plan as cities (See KRS 162.120 through KRS 162.300), and that is the…”
Bell v. Bd. of Educ. of Shelby Cnty., 215 S.W.2d 1007 (Ky. Ct. App. 1948). “Tbe Board of Education of Shelby County (hereinafter referred to as “Board”) is proposing tbe erection of a new bigb school building near Sbelbyville and tbe issuance- of revenue bonds in tbe amount of $650,000, as authorized under KRS 162.120 to 162.300, in order to finance tbe…”
Fendley v. Bd. of Educ., 240 S.W.2d 837 (Ky. Ct. App. 1951). “The Chancellor in the instant case took the view that, considering the fact that this special tax levy may provide funds to amortize revenue bonds issued pursuant to KRS 162.120 to 300, and since KRS 162.180 provides that revenue bonds shall mature within a period of 30 years,…”
Carter v. Taylor, 231 S.W.2d 601 (Ky. Ct. App. 1950). “KRS 162.120 — 162.-300. The language of KRS 162.”
Hacker Brors. Constr. Co. v. Bd. of Educ., 590 S.W.2d 897 (Ky. Ct. App. 1979). “KRS 162.120 to KRS 162.290⅛ inclusive, provide two alternate methods.”
Wagner v. Fiscal Court of Jessamine Cnty., 306 S.W.2d 288 (Ky. Ct. App. 1957). “The original bonds, one of which Wagner owns, were issued in 1950, in accordance with the plan prescribed in KRS 162.120 to 162.290 (made applicable to county school districts by KRS 162.”
Stull v. Webster Cnty. Bd. of Educ., 339 S.W.2d 189 (Ky. Ct. App. 1960). “It has obtained the consent of the Webster County Fiscal Court to act as the holding agency under KRS 162.120 et seq. The administrative head of the Bureau of Finance in the State Department of Education has regarded the tentative plan to be feasible.”
Cole v. McCracken Cnty., 181 S.W.2d 461 (Ky. Ct. App. 1944). “2d 64 , upheld a statute authorizing á school board to convey its property to Fayette County for the purpose of issuing bonds under this “holding company plan” as provided by KRS 162.120 et seq. It was there written that the broad purpose of a statute is adaptable to changing…”
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