KRS 175B.065: Project revenue bonds not a debt or pledge of faith and credit of the

Commonwealth or its subdivisions -- Statement on face of bonds.

(1) Project revenue bonds issued by an authority under this chapter shall not constitute

a debt of the Commonwealth or any of its political subdivisions, or a pledge of the

faith and credit of the Commonwealth or any of its political subdivisions. Project

revenue bonds issued pursuant to this chapter, shall be payable solely from the

funds provided for in this chapter including but not limited to the funds described in

KRS 175B.025(1)(c).

(2) Project revenue bonds shall contain on their face a statement to the effect that

neither the Commonwealth nor the issuing authority shall be obligated to pay the

bonds or the intere st thereon, except from any and all revenues associated with the

project for which they are issued, and that neither the faith and credit nor the taxing

power of the Commonwealth is pledged to the payment of the principal of or the

interest on these project revenue bonds.