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2016 Kentucky Revised Statutes
CHAPTER 40 - VETERANS
.190 Issuance of bonds by State Property and Buildings Commission.

KY Rev Stat § .190 (2016) What's This?

Download as PDF 40.190 Issuance of bonds by State Property and Buildings Commission. For the purpose of providing funds for payment of the veterans' bonus authorized by this chapter, the State Property and Buildings Commission shall from time to time as funds are anticipated to be required, provide by resolution for the issuance and sale of general obligation bonds of the Commonwealth, for payment of which, both principal and interest when due, the full faith, credit, resources and unlimited taxing power of the Commonwealth shall irrevocably be pledged, together with, additionally, a specific pledge of and first charge upon the proceeds of the retail sales tax required to be levied by the provisions of KRS 40.005, referred to in KRS 40.020. Effective: February 20, 1960 History: Created 1960 Ky. Acts ch. 15, sec. 22, effective February 20, 1960.

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