58.420 Public policy as to bond interest rates.
63 words·~1 min read·
/ky/chapter-58/58-420A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
It is hereby determined and declared to be the public policy of the Commonwealth that interest rates payable by public bodies upon public obligations be such as to be competitive with those rates which are permitted by other states, in order that necessary public projects may be financed and may be undertaken in the interest of the public health, safety, and general welfare.