{"data":{"id":"us-ky/krs-103.280","jurisdiction":"us-ky","citation":"KRS 103.280","heading":"Additional bonds -- Issuance of new bonds by city or county to pay","body":"outstanding bonds, whether or not city or county was original issuer of bonds.\n(1) If the city legislative body, or the fiscal court of the county, as the case may be,\nfinds that the b onds authorized will be insufficient to accomplish the purpose\ndesired, additional bonds may be authorized and issued in the same manner.\n(2) Any city or county acquiring any industrial building pursuant to the provisions of\nKRS 103.200 to 103.280 may, at the time of issuing the bonds for such acquisition,\nprovide for additional bonds for extensions and permanent improvements to be\nplaced in escrow and to be negotiated from time to time as proceeds for that\npurpose may be necessary. Bonds placed in escrow s hall, when negotiated, have\nequal standing with the bonds of the same issue.\n(3) A city or county may issue new bonds to provide funds for the payment of any\noutstanding bonds which have or have not matured, in accordance with the\nprocedure prescribed by KRS 103.200 to 103.280, whether or not that city or county\nwas the original issuer of said bonds. The new bonds shall be secured to the same\nextent and shall have the same source of payment as the bonds refunded.","path":["KRS Chapter 103"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=27014","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:07Z","sha256":"f61d76217902468e41ee2da68c20784cde03d10be09ab4223adfd60b78fa525e","source_id":"us-ky","stale":false,"prev":"us-ky/krs-103.270","next":"us-ky/krs-103.282"},"notice":"GroundRules: Original legal text. Not legal advice."}