Pending the preparation of bonds under KRS 180.070 and with the consent of the purchasers thereof, the department may issue temporary bonds of the same face amount, date, maturity, interest rate and other details as the bonds issued under KRS 180.070 except that no coupons need be attached to the temporary bonds. The interest upon the temporary bonds shall be payable under such conditions as the department determines and the temporary bonds shall be exchangeable for bonds issued under KRS 180.070 when prepared and executed.
KRS 180.200
Temporary bonds may be issued
Effective: October 1, 1942 History: Recodified 1942 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.