KRS 220.581: Refunding of bonds secured by assessments.

If bonds have been issued for any construction subdistrict secured entirely or partially by

the right to levy an assessment as provided by KRS 220.571 to 220.583, 220.591 to

220.601, and 220.607 to 220.613 and such bonds are redeemed prior to maturity, bonds to

refund same may be issued secured solely by the revenue of said system in the manner

provided in KRS 220.577.