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Kentucky Revised Statutes Title XXVIII. Mines and Minerals § 353.760.Bonds of authority not debts of Commonwealth

Current as of January 01, 2025 | Updated by Findlaw Staff

Bonds issued by the authority under KRS 353.750 to 353.776 shall not constitute a debt of this Commonwealth or any political subdivision thereof or a pledge of the faith and credit of the Commonwealth or any political subdivision. The bonds shall be payable solely from the funds and security provided for payment under KRS 353.750 to 353.776, and each bond shall contain a statement to that effect on its face.

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Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXVIII. Mines and Minerals § 353.760.Bonds of authority not debts of Commonwealth - last updated January 01, 2025 | https://codes.findlaw.com/ky/title-xxviii-mines-and-minerals/ky-rev-st-sect-353-760/

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