Bonds issued by the authority under KRS 353.750 to 353.776 shall not constitute a debt of this Commonwealth or any political subdivision thereof or a pledge of the faith and credit of the Commonwealth or any political subdivision. The bonds shall be payable solely from the funds and security provided for payment under KRS 353.750 to 353.776, and each bond shall contain a statement to that effect on its face.
KRS 353.760
Bonds of authority not debts of Commonwealth
Known as the Natural Gas Acquisition Authority Act
The act spans §§ 353–353 (136 sections).
Effective: June 20, 2005 History: Created 2005 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.