KRS 107.470: Power to borrow money -- Pledge of taxes or anticipated income.

The district may borrow money from any source on its own credit in anticipation of

revenue to be derived from taxes or other income, and for such purposes the district may

pledge the taxes or other income anticipated, subject to constitutional limitations. The

district may enter into contracts with governmental units for the initiation of projects

deemed to benefit such units, or which will be leased to such units, and such units may

appropriate or advance funds to the district for its expenses, including general expenses of

operation related thereto.