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Code · Kentucky · Chapter 180 — State bridges, tunnels, and ferries

180.110 Bonds to be secured by lien on bridge revenues -- State not to be obligated.

69 words·~1 min read·/ky/chapter-180/180-110

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

(1)The bonds issued under KRS 180.070 and interest thereon shall be secured by a first
lien on the gross tolls and other revenues of the bridges for which the bonds were
issued.
(2)No bonds issued under KRS 180.070 shall be an obligation of the state, and no lien
of any kind shall be given in favor of the bonds upon any bridge or real estate
appurtenant thereto.
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