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Code · Kentucky · Chapter 353 — Mineral conservation and development

353.760 Bonds of authority not debts of Commonwealth.

70 words·~1 min read·/ky/chapter-353/353-760

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

Bonds issued by the authority under KRS 353.750 to 353.776 shall not constitute a debt of this Commonwealth or any political subdivision thereof or a pledge of the faith and credit of the Commonwealth or any political subdivision. The bonds shall be payable solely from the funds and security provided for payment under KRS 353.750 to 353.776, and each bond shall contain a statement to that effect on its face.
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