KRS 224A.160: Authority's bonds payable from revenue only.
Where this section sits in the code
- KRS Chapter 224A
Revenue bonds or notes issued by the authority under the provisions of this chapter shall
not be deemed to constitute a debt of the Commonwealth or of any political subdivision
thereof, or a pledge of the faith and credit of the Commonwealth or of any poli tical
subdivision thereof; but such bonds shall be payable as to principal and interest solely
from authority revenues provided therefor under the provisions of this chapter. All such
revenue bonds or notes shall contain on the face thereof a statement to the effect that
neither the Commonwealth nor the authority shall be obligated to pay the same, or the
interest thereon, except from authority revenues, as defined in this chapter; and that
neither the faith and credit, nor the taxing power of the Commonwea lth or any political
subdivision thereof is pledged to the payment of the principal of and interest on such
revenue bonds or notes.
Collected 2026-09-05T20:52:43Z. Source file · JSON