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Kentucky · Snapshot 09/05/2026

KRS 40.190: Issuance of bonds by State Property and Buildings Commission.

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  1. KRS Chapter 40

For the purpose of providing funds for payment of the veterans' bonus authorized by this

chapter, the State Property and Buildings Commission shall from time to time as funds

are anticipated to be required, provide by resolution for the issuance and sale o f general

obligation bonds of the Commonwealth, for payment of which, both principal and interest

when due, the full faith, credit, resources and unlimited taxing power of the

Commonwealth shall irrevocably be pledged, together with, additionally, a specif ic

pledge of and first charge upon the proceeds of the retail sales tax required to be levied by

the provisions of KRS 40.005, referred to in KRS 40.020.

Collected 2026-09-05T20:48:59Z. Source file · JSON

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