{"data":{"id":"us-ky/krs-177.580","jurisdiction":"us-ky","citation":"KRS 177.580","heading":"State debt contracted -- Legislative intent for KRS 177.580 to 177.630 --","body":"Approval of people.\nSubject to the provisions of Sections 49 and 50 of the Constitution of Kentucky, there is\nhereby contracted on behalf of the Commonwealth a debt in the amoun t of one hundred\nmillion dollars ($100,000,000). It is hereby declared to be the intent of the General\nAssembly in enacting KRS 177.580 to 177.630 and contracting the aforesaid debt on\nbehalf of the Commonwealth to provide a method whereby the Commonwealth  of\nKentucky can issue bonds directly obligating the Commonwealth in an amount of one\nhundred million dollars ($100,000,000) for the purpose of providing funds to match\nfederal funds allocated to Kentucky for the construction and reconstruction of highways ,\ntunnels and bridges within the Commonwealth of Kentucky, subject to the approval of the\npeople of the Commonwealth of Kentucky as provided in section 50 of the Constitution\nof Kentucky; such approval or disapproval to be expressed at the general election  to be\nheld on November 6, 1956.","path":["KRS Chapter 177"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=5350","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:29Z","sha256":"0e05ae9c437ab675b117b58ccb9df020da33d6286407e618b390f46e4ce63a80","source_id":"us-ky","stale":false,"prev":"us-ky/krs-177.576","next":"us-ky/krs-177.585"},"notice":"GroundRules: Original legal text. Not legal advice."}