Kentucky Revised Statutes · § 67A.825 — Procedure when project cannot be completed according to KRS 67A.710 to 67A.820

If an urban-county government has taken any steps under KRS 67A.710 to 67A.820 to provide for, construct or finance any improvements allowed to be undertaken by the provisions of KRS 67A.710 to 67A.820, and for any reason the project cannot be completed according to the provisions of KRS 67A.710 to 67A.820, the governing body may:

(1) Abandon the project, in which case all prepayments shall be returned. Any interest earned on prepayments may also be returned or retained and applied to any cost resulting from the effort to complete the project.

(2) The governing body may proceed in any manner authorized by law, to complete the project. In this case all prepayments and any interest earned shall be returned on a pro rata basis.