Kentucky Statutes 66.045 – State local debt officer may provide technical and advisory assistance on issuance of bonds
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(1) It is the intent of this section to facilitate, through state technical and advisory assistance, the marketing of local government bonds and other long-term obligations at the lowest possible net interest costs.
(2) The state local debt officer may provide technical and advisory assistance regarding the issuance of bonds and obligations to those issuers whose governing bodies request that assistance. The assistance shall include, but need not be limited to:
(a) Advice on the marketing of bonds and obligations by issuers; (b) Conduct of training courses in debt management; and
(c) Promotion of the use by local governments of such tools for sound financial management as adequate systems of budgeting, accounting, auditing, and reporting.
Effective: July 15, 2008
History: Amended 2008 Ky. Acts ch. 35, sec. 3, effective July 15, 2008. — Amended
1996 Ky. Acts ch. 280, sec. 23, effective July 15, 1996. — Amended 1994 Ky. Acts ch. 508, sec. 26, effective July 15, 1994. — Amended 1986 Ky. Acts ch. 374, sec. 1, effective July 15, 1986. — Amended 1982 Ky. Acts ch. 393, sec. 42, effective July
15, 1982. — Amended 1978 Ky. Acts ch. 155, sec. 58, effective June 17, 1978. — Created 1966 Ky. Acts ch. 127, sec. 1.
(2) The state local debt officer may provide technical and advisory assistance regarding the issuance of bonds and obligations to those issuers whose governing bodies request that assistance. The assistance shall include, but need not be limited to:
Terms Used In Kentucky Statutes 66.045
- 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
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
- State local debt officer: as used in this chapter and other provisions of law, means the commissioner, Department for Local Government or the commissioner's agent designated in writing. See Kentucky Statutes 66.011
(a) Advice on the marketing of bonds and obligations by issuers; (b) Conduct of training courses in debt management; and
(c) Promotion of the use by local governments of such tools for sound financial management as adequate systems of budgeting, accounting, auditing, and reporting.
Effective: July 15, 2008
History: Amended 2008 Ky. Acts ch. 35, sec. 3, effective July 15, 2008. — Amended
1996 Ky. Acts ch. 280, sec. 23, effective July 15, 1996. — Amended 1994 Ky. Acts ch. 508, sec. 26, effective July 15, 1994. — Amended 1986 Ky. Acts ch. 374, sec. 1, effective July 15, 1986. — Amended 1982 Ky. Acts ch. 393, sec. 42, effective July
15, 1982. — Amended 1978 Ky. Acts ch. 155, sec. 58, effective June 17, 1978. — Created 1966 Ky. Acts ch. 127, sec. 1.