Ky. Rev. Stat. Ann. ch. 162 – School Property And Buildings | Midpage

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Kentucky Revised Statutes

Chapter 162

Ky. Rev. Stat. Ann. ch. 162

School Property And Buildings

Commonwealth of Kentucky

162.010Title to school property.162.020Transfer of property from one district to another -- Title not affected -- District may own school in another district.162.030Condemnation of property for school purposes.162.040Escheated property.162.050Use of schoolhouse by public assembly.162.055Use of school property by public for recreational, sporting, academic, literary, artistic, or community uses -- Limited civil immunity.162.060Plans for school buildings to be approved.162.065Administrative regulations for use by local school boards when constructing schools using construction managers -- Items considered equal to specifications may be furnished.162.066Restriction on award of contracts by construction manager.162.067Application of KRS 162.065 and 162.066.162.070Contracts for buildings, improvements, and materials to be let on competitive bidding -- When advertisements not required.162.075Compliance with code not necessary on purchases from federal government.162.080Bond issues for school sites and buildings -- Authorization -- Election.162.085Issuance of bonds sold directly to banks, private investors, and financial institutions -- Authorization.162.090Issuance and sale of bonds -- Proceeds -- Tax to pay.162.100Limitation on amount of bond issue -- Effect of bonds issued under former laws.162.120Independent district in city may convey property to city to provide buildings.162.130City to contract for erection of building.162.140Lease of building by board of education.162.150City may erect school buildings.162.160Plans and specifications for buildings -- Boards of education must offer to lease buildings before construction contract is made.162.170Financing construction of buildings.162.180Bonds -- Interest on -- When payable -- How sold.162.185Applicability of KRS 162.170 and 162.180.162.190Bonds negotiable -- Tax-exempt -- Signatures -- Not city debt.162.200Use of funds -- Lien on building.162.210Rights of bondholders to enforce lien.162.220Receiver in case of default.162.230Rent -- Disposition to be fixed by ordinance.162.240Deposit and investment of sinking fund.162.250Maintenance fund surplus to be transferred to sinking fund.162.260Refunding bonds may be issued.162.270Additional bonds authorized.162.280When city to convey property to board.162.290Alternative methods -- Other procedure not required.162.300Certain boards may obtain school buildings as provided in KRS 162.120 to 162.290.162.310State educational institution may convey building site.162.320Contract for erection of building.162.330Lease of building -- Option to purchase.162.340Governing bodies of state educational institutions may erect buildings.162.350Method of erection of buildings by state educational institutions.162.360Revenues from building -- Determination and use.162.370Maintenance fund surplus.162.380Bonds are obligations of governing body -- Resolution constitutes contract.162.385School district finance corporation -- Definitions -- Construction bonds.162.387School district finance corporations may lease land for school construction -- Issuance of bonds.162.440Insurance fund for board of education in a designated city or county containing a designated city.162.450Payments into fund -- Replacement of expenditures -- Use of interest.162.460Investment and care of insurance fund.162.470Insurance inspector to examine buildings annually.162.480Proof of loss -- Appropriations of fund.162.490Insurance fund may be used in case of delay in payment under insurance policy.162.500Prohibited appropriations.162.520Definitions for KRS 162.520 to 162.620.162.540Interpretation of terms in KRS 162.120 to 162.300 when applied to KRS 162.520 to 162.620.162.550Ownership of certain moneys determined.162.580Duty of authority as to each bond issue.162.590Duty of department on request of authority.162.600Bonds to issue in name of authority -- Identification -- Investment designation.162.620Sale of bonds -- Conditions.162.990Penalties.