{"data":{"id":"us-ky/krs-175.510","jurisdiction":"us-ky","citation":"KRS 175.510","heading":"Revenue bonds are not debt of Commonwealth.","body":"Revenue bonds issued by the authority under the provisions of this chapter shall not be\ndeemed to constitute a debt of the department or of the Commonwealth or of any political\nsubdivision thereof, or a pledge of the faith and credit of the department or o f the\nCommonwealth or of any such political subdivision, but such bonds shall be payable\nsolely from the funds provided therefor under the provisions of this chapter. All such\nrevenue bonds shall contain on the face thereof a statement to the effect that n either the\nCommonwealth nor the authority shall be obligated to pay the same or the interest thereon\nexcept from revenues of the turnpike project for which they are issued, including rentals\nunder a lease of such project to the Department of Highways of th e Commonwealth for a\nbiennium and subject to renewal for successive bienniums; and that neither the faith and\ncredit nor the taxing power of the Commonwealth or of any political subdivision thereof\nis pledged to the payment of the principal of or the interest on such bonds.","path":["KRS Chapter 175"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=5082","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:25Z","sha256":"1826f99e66e14a5432f97660e9fa6d7afba45fc35204fdd2bffbeb3c9d9cb8e5","source_id":"us-ky","stale":false,"prev":"us-ky/krs-175.505","next":"us-ky/krs-175.520"},"notice":"GroundRules: Original legal text. Not legal advice."}