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Code · Kentucky · Chapter 220 — Sanitation districts

220.470 Refunding bonds.

56 words·~1 min read·/ky/chapter-220/220-470

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The district may issue new bonds for the purpose of providing funds for the payment of any outstanding bonds, in accordance with the procedure prescribed for the issuance of the original bonds. The refunding bonds shall be secured to the same extent and shall have the same source of payment as the bonds that are refunded.
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