Kentucky Revised Statutes Title IX. Counties, Cities, and Other Local Units § 66.051.Purposes for issuance of bonds; principal amount maximum

(a) To fund floating indebtedness;

(b) To fund the cost of providing a public service if the governing body determines that an emergency exists and the public health or safety so requires;

(c) To fund unfunded liabilities;

(d) To establish a reserve for past or future liabilities or casualties; or

(e) To pay one (1) or more final judgments rendered against the issuer, including settlements of claims approved by a court.