{"data":{"id":"us-ky/krs-177.790","jurisdiction":"us-ky","citation":"KRS 177.790","heading":"Bonds to mature in thirty years -- Other details to be established by the","body":"State Property and Buildings Commission.\nIf KRS 177.700 to 177.820 be approved by a majority of the votes cast thereon at said\nelection, the initial date of issue of the 1960 bo nds shall be established by resolution of\nthe State Property and Buildings Commission prior to the first issuance and sale of any of\nsaid bonds; and thereafter all of the 1960 bonds, whenever issued, shall be dated as of\nsaid date, and shall mature as to p rincipal on or prior to the thirtieth (30th) anniversary\nthereof. The bonds shall be sold for not less than par or face amount and shall bear\ninterest at such rate or rates, but not to exceed the rate referred to in KRS 177.780, as said\ncommission may determine, and interest may be made payable semiannually. The bonds\nmay be issued at one time or from time to time as the State Property and Buildings\nCommission may determine by its resolution or resolutions; and said commission shall in\nits discretion determ ine all details thereof, including but not by way of limitation, their\ndenominations, whether the bonds shall be of term or serial maturities, and the amount\nwhich shall mature on any serial maturity date; whether the bonds, or any of them, shall\nbe subject to redemption prior to stated maturities and upon what terms; place or places\nof payment of principal and interest, which may be within the Commonwealth or outside\nthereof; whether interest shall be evidenced by annexed coupons; whether the bonds shall\nbe registered or registrable as to principal or interest, or both, and any other details not\ncontrary to law or inconsistent with KRS 177.700 to 177.820 which in the discretion of\nsaid commission may appear wise and expedient.","path":["KRS Chapter 177"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=5370","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:29Z","sha256":"f3174a191617902c07577d6106c33ebad7072511e08b7543ae301f2e0f08cdc3","source_id":"us-ky","stale":false,"prev":"us-ky/krs-177.780","next":"us-ky/krs-177.800"},"notice":"GroundRules: Original legal text. Not legal advice."}