2014 Kentucky Revised Statutes
CHAPTER 183 - AVIATION
183.136 Board may issue revenue bonds or purchase securities of other governmental agency.
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<![CDATA[183.136 Board may issue revenue bonds or purchase securities of other
governmental agency.
(1)
(2)
The board is authorized to defray the cost of acquiring, constructing,
maintaining, expanding, financing or improving any airport facilities or air
navigation facilities or any part thereof or interest therein, or contract for
services therefrom, through the issuance of revenue bonds in the manner
provided in KRS 183.630 through 183.740, or through the purchase of
securities, stocks, or bonds of any other governmental unit or body politic.
The board may, as an alternative method and in addition to all other methods
provided by law, acquire, construct, maintain, expand, finance or improve
airports, airport facilities or air navigation facilities or any part thereof or interest
therein, or contract for services therefrom, and issue revenue bonds in
connection therewith under the terms and provisions of KRS Chapter 58 and
under said law the term "governmental agency" means the board and any
airport board or airport created pursuant to the provisions of KRS Chapter 183
as it existed prior to the enactment of Chapter 179, Acts of the General
Assembly, Regular Session 1960, shall be deemed to have been established
pursuant to this chapter with all of the powers, functions and duties as herein
prescribed, and the term "public project" means airports and airport facilities
and air navigation facilities.
History: Amended 1968 Ky. Acts ch. 83, sec. 3. -- Amended 1964 Ky. Acts
ch. 134, sec. 8. -- Created 1960 Ky. Acts ch. 179, sec. 36.
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