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Current as of January 01, 2025 | Updated by Findlaw Staff
The General Assembly shall not authorize any county or subdivision thereof, city, town, or incorporated district, to become a stockholder in any company, association or corporation, or to obtain or appropriate money for, or to loan its credit to, any corporation, association or individual, except for the purpose of constructing or maintaining bridges, turnpike roads, or gravel roads: Provided, If any municipal corporation shall offer to the Commonwealth any property or money for locating or building a Capitol, and the Commonwealth accepts such offer, the corporation may comply with the offer.
Cite this article: FindLaw.com - Kentucky Constitution § 179.Political subdivision not to become stockholder in corporation, or appropriate money or lend credit to any person, except for roads or State Capitol - last updated January 01, 2025 | https://codes.findlaw.com/ky/kentucky-constitution/ky-const-sect-179/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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