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KRS 181.730

Application of, and lien on, proceeds of bonds

Effective: October 1, 1942 History: Recodified 1942 Ky

All money received from the sale of bonds issued under KRS 181.660 to 181.720 shall be applied solely to the payment of the cost of the bridge or to the appurtenant sinking fund, and the holders of the bonds or the trustee, as provided in KRS 181.740, shall have a lien upon such money until it is so applied.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.