KRS 177.800: Bonds to be sold at public sale or sales -- Manner of advertising -- Interest

rates to be established by the commission and may be determined on basis of

competition.

The bonds shall be sold by the commission, in its discretion, at one (1) sale or fro m time

to time as funds are required for the identified purposes. Each sale shall be upon sealed

purchase bids which shall be publicly opened and considered after solicitation at least ten

(10) days in advance by publication of a notice at least one (1) ti me in a financial

newspaper or journal published in the City and State of New York, and by advertisement

by publication pursuant to KRS Chapter 424. The commission may fix one (1) or more

interest rates by resolutions adopted prior to publication of the ad vertisement, or may

notify bidders to stipulate in their bids one (1) or more interest rates of their own

choosing and fix the rate or rates by resolution when action is taken upon the bids. The

commission shall reserve the right to reject bids.