2006 Kentucky Revised Statutes - .762   Bonds, how to be secured.

152.762 Bonds, how to be secured. In the event that the Board of Energy Research has requested the State Property and Buildings Commission to issue revenue bonds as authorized by KRS 152.760, it may be provided in connection with such financing that such bonds shall be secured solely by revenues derived by the Kentucky Department of Energy from any project financed wholly or in part from the proceeds of the sale of such bonds, including lease rental payments and the proceeds realized from the sale of the commercially usable product or output of any such developmental or demonstration project. Effective: June 17, 1978 History: Amended 1978 Ky. Acts ch. 291, sec. 5, effective June 17, 1978. -- Created 1978 Ky. Acts ch. 186, sec. 22, effective March 20, 1978.