KRS 175.780: Power of turnpike authority to issue economic development road revenue

bonds and notes.

To provide for the construction, reconstruction, and relocation of economic development

road projects, the authority is hereby authorized and empowered, subject to the

limitations contained in a branch budget bill as defined in KRS 48.010, under and

pursuant to the terms and provisions of a written agreement or agreements with the

cabinet, to construct, reconstruct, relocate, finance, and operate economic developmen t

road projects, to lease such projects to the cabinet, and to issue economic development

road revenue bonds or notes of the authority to finance such projects. In the planning,

construction, and financing of any economic development road project, the auth ority and

the cabinet shall, subject to the provisions of KRS 175.750 to 175.810, have and use all

authority, procedures, and rights provided by the provisions of KRS 175.410 to 175.690,

inclusive.