{"data":{"id":"us-ky/krs-148.038","jurisdiction":"us-ky","citation":"KRS 148.038","heading":"Revenue bonds.","body":"(1) Revenue bonds and revenue refunding bonds of the authority issued under KRS\n148.033 to 148.039 do not constitute a debt of the Commonwealth or of any\npolitical subdivision of the Commonwealth or a pledge of the faith and credit of the\nCommonwealth or of an y political subdivision, but the bonds shall be payable\nsolely from the funds provided for in KRS 148.033 to 148.039 from revenues\nresulting from the issuance of bonds.\n(2) All bonds shall contain on the face of the bond a statement to the effect that nei ther\nthe Commonwealth nor any political subdivision of the Commonwealth is obligated\nto pay the bond or the interest on the bond, except from revenues of the recreational\nproject or projects for which they are issued, and that neither the faith or credit n or\nthe taxing power of the Commonwealth or any political subdivision of the\nCommonwealth is pledged to the payment of the principal or the interest on the\nbonds.","path":["KRS Chapter 148"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=55126","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:40Z","sha256":"c41683cb66153e4a8698171174a9dd1d4ec35b3daa75077fd6ceb1488feacd59","source_id":"us-ky","stale":false,"prev":"us-ky/krs-148.036","next":"us-ky/krs-148.039"},"notice":"GroundRules: Original legal text. Not legal advice."}