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KRS 65.590

Riverport authority may borrow money, how secured

History: Amended 1968 Ky

The authority may borrow money from any source on its own credit in anticipation of revenue to be derived from taxes, appropriations or other income, and for such purposes the authority may pledge the taxes, appropriations or income anticipated. The authority may pledge its assets, including, but not by way of limitation, real or personal property held for the purposes contemplated in KRS 65.510 to 65.650, as security for moneys borrowed.

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