There is a newer version of this Section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

2018 Kentucky Revised Statutes
CHAPTER 175 - TURNPIKE AUTHORITY
.790 Bonds secured solely by revenues derived from leasing project to cabinet -- Tolls prohibited.

Universal Citation: KY Rev Stat § 175.790 (2018)
Previous Next

Download as PDF
175.790 Bonds secured solely by revenues derived from leasing project to cabinet -Tolls prohibited. In the event that the authority and the cabinet shall undertake the planning and financing of any economic development road project, it shall be provided in connection with such financing that economic development road revenue bonds or notes issued in respect of any such project shall be secured solely by income and revenues derived from the leasing by the authority of any such project to the cabinet, and no tolls shall be imposed or charged for the use by the traveling public of any such projects or for amortization of the bonds or notes; provided that notes may be issued in anticipation of the issuance of bonds or renewal notes and be made payable from the proceeds thereof. Effective: July 15, 1980 History: Created 1980 Ky. Acts ch. 393, sec. 5, effective July 15, 1980.
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.