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Code · Kentucky · Chapter 107 — Municipal improvements -- alternate methods

107.220 Refunding bonds -- When issued.

42 words·~1 min read·/ky/chapter-107/107-220

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The governing body may issue refunding bonds for the purpose of providing for payment of any outstanding bonds. The refunding bonds shall be secured to the same extent and shall have the same source of payment as the bonds which are refunded.
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