Kentucky Statutes 66.151 – Deposit and crediting of proceeds
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Proceeds from the sale of bonds shall be deposited and credited as provided in the legislation authorizing the bonds, in the proceedings approved by that legislation, or in instructions given by an officer authorized to designate the allocation of proceeds.
Effective: July 15, 1996
History: Created 1996 Ky. Acts ch. 280, sec. 15, effective July 15, 1996.
Effective: July 15, 1996
Terms Used In Kentucky Statutes 66.151
- Bonds: means bonds, notes, commercial paper, and other instruments in writing, authorized by or issued pursuant to or in accordance with this chapter, to evidence an obligation to repay or guarantee the repayment of money borrowed, or to pay interest by, or to pay at any future time other money obligations. See Kentucky Statutes 66.011
- Legislation: means an ordinance or resolution passed by a governing body. See Kentucky Statutes 66.011
History: Created 1996 Ky. Acts ch. 280, sec. 15, effective July 15, 1996.