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Kentucky · Snapshot 09/05/2026

KRS 224A.160: Authority's bonds payable from revenue only.

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Where this section sits in the code
  1. 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

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