The governing body may issue refunding bonds for the purpose of providing for payment of any outstanding bonds. The refunding bonds shall be secured to the same extent and shall have the same source of payment as the bonds which are refunded.
KRS 107.220
Refunding bonds -- When issued
Known as the Kentucky Privatization Act
The act spans §§ 107–107 (57 sections).
Effective: February 29, 1956 History: Created 1956 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.