All money received from the sale of the bonds shall be applied solely for: (1) The acquisition of the industrial building and:
(a) Any utilities;
(b) Pollution control structures or equipment;
(c) Equipment or technologies employed to increase the energy efficiency of manufacturing facilities; or
(d) Other equipment requisite to the use of these assets;
(2) The acquisition of pollution control facilities and the structures or equipment requisite to the use thereof;
(3) The necessary expense of preparing, printing and selling said bonds;
(4) The refunding of any issued and outstanding bonds whether matured or otherwise; (5) Providing a debt service reserve fund or any other reserve funds, if necessary; or
(6) To advance the payment of interest on the bonds during any portion of the first three
(3) years following the date of the bonds.
Effective: July 15, 2014
History: Amended 2014 Ky. Acts ch. 131, sec. 5, effective July 15, 2014. — Amended
1984 Ky. Acts ch. 122, sec. 5, effective July 13, 1984. — Amended 1970 Ky. Acts ch.
64, sec. 5. — Amended 1966 Ky. Acts ch. 119, sec. 2(1). — Created 1946 Ky. Acts ch. 58, sec. 5.