220.583 Financing may be arranged as in cities -- Construction of terms from KRS
132 words·~1 min read·
/ky/220-583A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Chapter 107.
(1)In the financing of a construction subdistrict the district may use the authority and
procedure granted to incorporated municipalities by KRS 107.010 to 107.220.
When applied to construction subdistricts, terms used in KRS 107.010 to 107.220
shall be construed to mean the following: "city" means "sanitation district";
"ordinance" means "resolution"; "clerk" means "secretary-treasurer of district";
"governing body" means "sanitation district board"; and "mayor or chairman of
board of directors" means "chairman of sanitation district board." Bonds issued
pursuant to this section are construction subdistrict bonds and obligations secured
by assessments.
(2)The provisions of subsection (1), permitting financing subdistrict construction
under the provisions of KRS 107.010 to 107.220, shall not repeal or reduce any
existing rights or duties of the district, but shall constitute an additional method of
financing.