There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
CHAPTER 197 PENITENTIARIES
197.540 Irrevocable letter of credit as substitute for performance bond -- Protection of state's interest in continual level of prison beds.
Download pdfperformance bond in a form satisfactory to the Commonwealth may be substituted. (2) The contract shall also protect the state's interest in providing a continual level of prison beds available without a sudden drop in the number of prison beds available
or the need to release inmates or provide for their transfer to other facilities. Effective: July 15, 1998
History: Created 1998 Ky. Acts ch. 606, sec. 95, effective July 15, 1998.
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