There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
CHAPTER 224A KENTUCKY INFRASTRUCTURE AUTHORITY
224A.160 Authority's bonds payable from revenue only.
Download pdfnot be deemed to constitute a debt of the Commonwealth or of any political subdivision
thereof, or a pledge of the faith and credit of the Commonwealth or of any political
subdivision thereof; but such bonds shall be payable as to principal and interest solely
from authority revenues provided therefor under the provisions of this chapter. All such
revenue bonds or notes shall contain on the face thereof a statement to the effect that
neither the Commonwealth nor the authority shall be obligated to pay the same, or the
interest thereon, except from authority revenues, as defined in this chapter; and that
neither the faith and credit, nor the taxing power of the Commonwealth or any political
subdivision thereof is pledged to the payment of the principal of and interest on such
revenue bonds or notes. History: Created 1972 Ky. Acts ch. 329, sec. 16.
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