KRS 97.170: Use of money received from sale of bonds.

All money received from any bonds issued pursuant to KRS 97.150 shall be applied

solely to the establishment, erection and acquisition of the recreational project and

necessary appurtenances, except that the money may be used to advance the payment of

interest on bonds during the first three (3) years following the date of the bonds and to

advance the expenses of operation and maintenance for one (1) month after the opening

of the project.