Kentucky Revised Statutes Title XIII. Education § 162.520.Definitions for KRS 162.520 to 162.620

(1) As used in KRS 162.540, 162.550, 162.580, 162.590, 162.600, and 162.620 “authority” means “State Property and Buildings Commission;”

(2) “Department” means the State Department of Education;

(3) “Board of education” means the governing body of a county school district, or of an independent school district, for which the authority issues its revenue bonds pursuant to KRS 162.520 to 162.620;

(4) “Project” means any undertaking to provide for a board of education any school buildings, facilities, improvements, and appurtenances authorized in KRS 162.120 to 162.300;

(5) “Lease” or “lease instrument” means a written instrument for the leasing of one (1) or more school projects executed by the authority as lessor and a board of education as lessee, conforming to the specifications set forth in KRS 162.140;

(6) “Bonds” or “bonds of the authority” means bonds issued by the authority under KRS 162.520 to 162.620, payable as to principal and interest solely from rentals received from a board of education pursuant to a lease.