KRS 107.750: Construction of KRS 107.720 to 107.760 -- Issuance of bonds authorized.

(1) KRS 107.720 to 107.760 shall be construed liberally to effect its purposes and shall

not be construed as a restriction or limitation upon any powers which any political

subdivision, private owner or private owner/operator might otherwise have under

any laws of the Commonwealth; and the provisions of KRS 107.720 to 107.760 are

cumulative to any such powers. KRS 107.720 to 107.760 does and shall be

construed to provide a complete, additional and alternative method for the doing of

the things authorized there by and shall be regarded as supplemental and additional

to other laws.

(2) Any city, county or urban -county may issue negotiable revenue bonds pursuant to

KRS 103.200 et seq. in order to finance the costs associated with a privatization

project entered into pursuant to KRS 107.720 to 107.760.

(3) Bonds issued pursuant to KRS 107.720 to 107.760 do not constitute a debt or

liability of this Commonwealth or of any legislative body, or any other political

subdivision of the Commonwealth. Those bonds do not constitute the loaning of the

credit of the Commonwealth or of any legislative body, or of any other political

subdivision of the Commonwealth.