There is a newer version of this Section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

2020 Kentucky Revised Statutes
Chapter 177 - State and federal highways -- limited access facilities -- turnpikes -- road bonds -- billboards -- recyclers
177.615 Investment or deposit of amounts received for sinking fund.

Universal Citation: KY Rev Stat § 177.615 (2020)
Previous Next

Download as PDF
177.615 Investment or deposit of amounts received for sinking fund. The State Property and Buildings Commission may invest any amounts received for the sinking fund provided in KRS 177.580 to 177.630 in interest-bearing obligations of the United States or the purchase of the bonds authorized by KRS 177.580 to 177.630, or they may deposit said amounts in any state or national bank or trust company of Kentucky, but each such deposit shall be adequately secured by a corporate surety bond in some good and solvent corporate surety company authorized to do business in Kentucky, or by the deposit of United States government bonds which are direct obligations of the United States of America in an amount equal to each such deposit. Effective: June 26, 1956 History: Created 1956 (2nd Extra. Sess.) Ky. Acts ch. 3, sec. 8, effective June 26, 1956.
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.