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157.635 Revenue bonds for state projects.
(1)
(2)
The School Facilities Construction Commission is hereby authorized to issue
revenue bonds for the purpose of financing projects authorized by the General
Assembly based upon lease rental agreements with the Kentucky Department of
Education for the purpose of:
(a) Acquiring sites and building vocational schools which are to be owned by the
state and operated by the Department of Education;
(b) Constructing additions and extensions to the School for the Deaf and the
School for the Blind which are owned by the state and operated by the
Department of Education; and
(c) Building projects for vocational rehabilitation programs which are owned by
the state and operated by the Department of Education.
In exercising the authority in subsection (1) of this section, the commission will act
under the applicable provisions of KRS Chapter 56.
Effective: July 13, 1990
History: Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 389, effective July
13, 1990. -- Created 1985 (1st Extra. Sess.) Ky. Acts ch. 10, sec. 35, effective
October 18, 1985.
2016-2018 Budget Reference. See State/Executive Branch Budget, 2016 Ky. Acts ch.
149, Pt. I, A, 28, (2) at 1053.
2016-2018 Budget Reference. See State/Executive Branch Budget, 2016 Ky. Acts ch.
149, Pt. I, A, 28, (4) at 1053.
2016-2018 Budget Reference. See State/Executive Branch Budget, 2016 Ky. Acts ch.
149, Pt. I, A, 28, (5) at 1053.
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