KRS 67.520: Special fund created -- Bond payment -- Building maintenance.
Where this section sits in the code
- KRS Chapter 67
At or before the issuance of the bonds, the county buildings commission by resolution
shall set aside and pledge the income of the building into a special fund to be used and
applied in payment of the cost and maintenance of the building. The resolution sh all
definitely fix the amount of revenues necessary to be set aside and applied for the
payment of principal and interest on the bonds. The balance of the income shall be set
aside for the reasonable and proper maintenance of the building, including a suff icient
sum to pay the cost of insurance. The county buildings commission may provide by
resolution any provision and stipulation it deems necessary for the administration of the
income for the security of the bond holders.
Collected 2026-09-05T20:49:26Z. Source file · JSON