{"data":{"id":"us-ky/krs-103.240","jurisdiction":"us-ky","citation":"KRS 103.240","heading":"Use of proceeds of bonds.","body":"All money received from the sale of the bonds shall be applied solely for:\n(1) The acquisition of the industrial building and:\n(a) Any utilities;\n(b) Pollution control structures or equipment;\n(c) Equipment or technologies employed to increase the energy efficiency of\nmanufacturing facilities; or\n(d) Other equipment requisite to the use of these assets;\n(2) The acquisition of pollution control facilities and the structures or equipment\nrequisite to the use thereof;\n(3) The necessary expense of preparing, printing, and selling said bonds;\n(4) The refunding of any issued and outstanding bonds whether matured or otherwise;\n(5) Providing a debt service reserve fund or any other reserve funds, if necessary;\n(6) To advance the payment of interest on the bonds during any portion of the first\nthree (3) years following the date of the bonds; or\n(7) To pay working capital expenditures.","path":["KRS Chapter 103"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=54578","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:07Z","sha256":"257a8b04b8e168087771f08968216dafdbee1757ee1620dde4375b2c2b71fce5","source_id":"us-ky","stale":false,"prev":"us-ky/krs-103.230","next":"us-ky/krs-103.245"},"notice":"GroundRules: Original legal text. Not legal advice."}