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Code · Kentucky · Chapter 183 — Aviation

183.135 Power to borrow money.

67 words·~1 min read·/ky/chapter-183/183-135

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

The board may borrow money on its own credit in anticipation of revenue to be derived from taxes, appropriations, or other income. For these purposes, the board may pledge the taxes, appropriations, or income anticipated. The board may pledge the airport and facilities, or any interest in the airport and its facilities, or contract for service from the airport or its facilities, as security for moneys borrowed.
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