164.860 Revenue bonds.
The board of trustees of the University of Louisville may issue revenue bonds of the <br>university for the erection of buildings and appurtenances to be used in connection with <br>the university for educational purposes, and otherwise as provided in KRS 162.340 to <br>162.380, and subject to the provisions of KRS Chapter 56, provided, said board of <br>trustees may in its discretion issue such revenue bonds not only for the purposes and in <br>the manner set forth in KRS 162.340 to 162.380, but also for the purposes of refinancing <br>any mortgages, mortgage bonds, revenue bonds, notes, or other evidences of indebtedness <br>previously issued or incurred by the university in connection with the acquisition of lands <br>or the purchase, erection or other acquisition of buildings and appurtenant facilities for <br>educational purposes of the university. Provided, however, that this section shall not be <br>construed to authorize the issuance of revenue bonds of a face amount in excess of <br>$16,000,000 for the purpose of refinancing any mortgages, mortgage bonds, revenue <br>bonds, notes, or other evidences of indebtedness previously issued or incurred.
History: Created 1970 Ky. Acts ch. 65, sec. 6.
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