Ky. Rev. Stat. Ann. § 268.380 – Cost of improvements not to include interest charges -- Assessed enhanced value conclusive as to benefits.

(1) If bonds are issued or money borrowed, the interest charges thereon shall not be considered a part of the cost of improvement in determining whether or not the cost of improvement is equal to or more than the benefit to the property in the district.
(2) The assessed enhancement of value shall be conclusive as to the benefit that will inure to the property in the district.

Effective: January 2, 1978

History: Amended 1976 (1st Extra. Sess.) Ky. Acts ch. 14, sec. 246, effective January 2, 1978. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 2380b-24.