There is a newer version of the Kentucky Revised Statutes
2022
2021
2020
2019
2018
Other previous versions
View our newest version here

2011 Kentucky Revised Statutes
CHAPTER 216 HEALTH FACILITIES AND SERVICES
216.827 Proceeds of bonds are trust funds.


KY Rev Stat § 216.827 (1996 through Reg Sess) What's This?
Download pdf

216.827 Proceeds of bonds are trust funds. All moneys, received under the provisions of KRS 216.800 to 216.853, either from the sale of bonds or as revenues, are trust funds to be held and applied solely as provided in KRS 216.800 to 216.853. The proceedings or the trust indenture shall provide that any officer with whom, or any bank or trust company with which, such moneys are deposited shall act as trustee of such moneys and shall hold and apply the same for the purposes hereof, subject to such regulation as KRS 216.800 to 216.853 and such proceedings or trust indenture may provide. Effective: June 13, 1968 History: Created 1968 Ky. Acts ch. 132, sec. 12, effective June 13, 1968.

Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.