2015 Kentucky Revised Statutes
CHAPTER 220 - SANITATION DISTRICTS
220.611 Bonds of several construction subdistricts -- Purposes, effect.

Download as PDF 220.611 Bonds of several construction subdistricts -- Purposes, effect. (1) (2) (3) The district may issue for one (1) or more construction subdistricts bonds to finance construction of trunk, main, connecting sewers and any other facilities necessary to which, directly or indirectly, connect one (1) or more of such construction subdistricts to either the district facilities or to a treatment plant, disposal plant, or outfall sewer which also serves, directly or indirectly, at least one (1) other construction subdistrict. Such bonds may also be used to finance construction of a treatment plant, disposal plant, or outfall sewer of the type described in the preceding sentence. Bonds issued pursuant to subsection (1) shall be construction subdistrict obligations for all construction subdistricts for which they are issued. Except as provided in this section, bonds authorized by subsection (1) shall be governed by KRS 220.577 and 220.591. Such bonds shall be construction subdistrict bonds within the meaning of paragraph (a) of subsection (3) of KRS 220.593. They shall not be considered construction subdistrict bonds within the meaning of subsection (6) of KRS 220.593. History: Created 1966 Ky. Acts ch. 92, sec. 27.