65.7707 Maturity of notes -- Payment of interest.
76 words·~1 min read·
/ky/chapter-65/65-7707A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notes payable shall mature on a date determined by the governing body which shall be no later than the last day of the fiscal year in which the notes are issued. Interest on notes from the date thereof shall be payable at their maturity or payable in installments at earlier dates. Interest on the notes may be at a rate, rates or method of determining rates the governing body of the governmental agency unit may determine.