KRS 58.120: Bonds for extensions and improvements.

Any governmental agency acquiring any public project pursuant to the provisions of KRS

58.010 to 58.140 may, at the time of issuing the bonds for such acquisition, provide for

additional bonds for extensions and permanent improvements to be placed in escro w and

to be negotiated from time to time as proceeds for that purpose may be necessary. Bonds

placed in escrow shall, when negotiated, have equal standing with bonds of the same

issue.