Code · Kentucky · Chapter 58 — Acquisition and development of public projects through revenue bonds

58.120 Bonds for extensions and improvements.

73 words·~1 min read·/ky/chapter-58/58-120

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

Any governmental agency acquiring any public project pursuant to the provisions of KRS 58.010 to 58.140 may, at the time of issuing the bonds for such acquisition, provide for additional bonds for extensions and permanent improvements to be placed in escrow and to be negotiated from time to time as proceeds for that purpose may be necessary. Bonds placed in escrow shall, when negotiated, have equal standing with bonds of the same issue.