{"data":{"id":"us-ky/krs-160.540","jurisdiction":"us-ky","citation":"KRS 160.540","heading":"Power to borrow money in anticipation of taxes.","body":"Any board of education may borrow money on the credit of the board and issue\nnegotiable notes in anticipation of revenues from school taxes and state revenue for the\nfiscal year in which the money is borrowed, and may pledge the anticipated revenues\nfrom state and local sources for the payment of principal and interest on the loan. The rate\nof interest shall be at the rate or rates or method of determining rates as the board\ndetermines. In all cases such loans shall be repaid within the fiscal year in which  they are\nborrowed.","path":["KRS Chapter 160"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=3765","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:08Z","sha256":"8e2aa8ac466bf344b97c658c78a50e346cde841835db6ece4ceb5a9624538932","source_id":"us-ky","stale":false,"prev":"us-ky/krs-160.534","next":"us-ky/krs-160.550"},"notice":"GroundRules: Original legal text. Not legal advice."}