Kentucky Revised Statutes

Ky. Rev. Stat. § 96.440 (2026)

Transfer of surplus to depreciation fund

✓ current as of May 2026

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If a surplus is accumulated in the operating and maintenance funds equal to the cost of maintaining and operating the waterworks during the remainder of the calendar, operating or fiscal year and during the succeeding like year, any excess over such amount may be transferred at any time by the city legislative body to the depreciation account, to be used for improvements, extensions or additions to the waterworks. Effective: October 1, 1942 History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 2741L-10, 2741L-32.

Notes of Decisions

Cited in 1 case, 1945–1945 · leading case: Elec. Plant Bd., Etc. v. City of Mayfield, 185 S.W.2d 411 (Ky. Ct. App. 1945).

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Elec. Plant Bd., Etc. v. City of Mayfield, 185 S.W.2d 411 (Ky. Ct. App. 1945). “There is a further provision contained in KRS 96.440, that any surplus accumulating in the operating and maintenance fund over and above the requirements of the then current year and the succeeding year may be transferred by the city council to the depreciation account, to be…”

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