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Kentucky · Snapshot 09/05/2026

KRS 180.160: Department may impose and agree to conditions in sale of bonds --

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  1. KRS Chapter 180

Duration of contract.

The department may impose such conditions as it deems best in any contract for the sale

of the bonds, and may assent in the contract to reasonable conditions impos ed upon the

department in its issuance and delivery of the bonds. The conditions may include a

covenant of the department that within the period the purchasers are required or permitted

to accept and pay for bonds purchased but remaining undelivered, and f or six (6) months

thereafter, the department will not advertise for sale, sell or issue any bonds or other

obligations payable from bridge tolls without the purchasers' consent. No such covenant

shall extend beyond the biennial period in which the contract is made.

Collected 2026-09-05T20:51:31Z. Source file · JSON

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