For the purpose of providing funds for payment of the veterans' bonus authorized by this chapter, the State Property and Buildings Commission shall from time to time as funds are anticipated to be required, provide by resolution for the issuance and sale of general obligation bonds of the Commonwealth, for payment of which, both principal and interest when due, the full faith, credit, resources and unlimited taxing power of the Commonwealth shall irrevocably be pledged, together with, additionally, a specific pledge of and first charge upon the proceeds of the retail sales tax required to be levied by the provisions of KRS 40.005, referred to in KRS 40.020.
KRS 40.190
Issuance of bonds by State Property and Buildings Commission
Effective: February 20, 1960 History: Created 1960 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.