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KRS 220.410

Use of proceeds of bonds

Effective: October 1, 1942 History: Recodified 1942 Ky

All money received from any bonds issued pursuant to KRS 220.380 to 220.520 shall be applied solely for the purposes set forth in KRS 220.030 and 220.380, except that the money may be used also to advance the payment of interest on the bonds during the first three (3) years following the date of the bonds.

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