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KRS 67A.892

Insufficiency of lump-sum payments and bonds

Effective: July 15, 1982 History: Amended 1982 Ky

If, by reason of miscalculation or the happening of unforeseen events or conditions, the total proceeds of the lump-sum payments and bonds authorized by the ordinance of bond authorization should prove to be insufficient to provide for the completion of the project and the payment in full of all costs thereof, the urban-county government shall be responsible for any such deficiency.

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