There is a newer version of this Section
2022
2021
2020
2019
2018
Other previous versions
View our newest version here

2017 Kentucky Revised Statutes
CHAPTER 66 - ISSUANCE OF BONDS AND CONTROL OF FUNDS
.121 Interest rates -- Issuance subject to call or redemption prior to maturity.

Universal Citation: KY Rev Stat § 66.121 (2017)
Previous Next

Download as PDF
66.121 Interest rates -- Issuance subject to call or redemption prior to maturity. (1) (2) Bonds issued by an issuer shall bear interest at a rate or rates as provided for in the legislation authorizing the bonds. Interest payable on the bonds may be determined at a variable rate or rates, which may change from time to time in accordance with a base, formula, or standard, including determination at whatever rate is required to sell or remarket the bonds on the open market, or other floating rate interest structure, identified or approved by the governing body. An issuer may issue bonds subject to call or redemption prior to maturity at a redemption price as determined by the governing body. Effective: July 15, 1996 History: Created 1996 Ky. Acts ch. 280, sec. 12, effective July 15, 1996.
Previous Next
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.