220.611 Bonds of several construction subdistricts -- Purposes, effect.
171 words·~1 min read·
/ky/chapter-220/220-611A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)The district may issue for one
(1)or more construction subdistricts bonds to finance
construction of trunk, main, connecting sewers and any other facilities necessary to
which, directly or indirectly, connect one
(1)or more of such construction
subdistricts to either the district facilities or to a treatment plant, disposal plant, or
outfall sewer which also serves, directly or indirectly, at least one
(1)other
construction subdistrict. Such bonds may also be used to finance construction of a
treatment plant, disposal plant, or outfall sewer of the type described in the
preceding sentence.
(2)Bonds issued pursuant to subsection
(1)shall be construction subdistrict obligations
for all construction subdistricts for which they are issued.
(3)Except as provided in this section, bonds authorized by subsection
(1)shall be
governed by KRS 220.577 and 220.591. Such bonds shall be construction
subdistrict bonds within the meaning of paragraph
(a)of subsection
(3)of KRS
220.593. They shall not be considered construction subdistrict bonds within the
meaning of subsection
(6)of KRS 220.593.