{"data":{"id":"us-ky/krs-183.650","jurisdiction":"us-ky","citation":"KRS 183.650","heading":"Bonds negotiable and tax free -- Method of sale -- Payable solely from","body":"revenues.\nBonds issued pursuant to KRS 183.630 to 183.740 shall be negotiable and shall not be\nsubject to taxation. If any officer whose signature or countersignature appears on th e\nbonds or coupons ceases to be such officer before delivery of the bonds, his signature or\ncountersignature shall nevertheless be valid and sufficient for all purposes the same as if\nhe had remained in office until delivery. The bonds may be sold, at eith er a public or a\nprivate sale notwithstanding any other provisions of the Kentucky Revised Statutes, and\nthe bonds shall be exempt from the newspaper advertisement and publications\nrequirements for municipal bonds under KRS 424.360, with the sale to be hel d in such\nmanner, upon such terms and for such price as the governmental unit or the Finance and\nAdministration Cabinet may determine will best effect the purposes of this chapter. The\nbonds shall be payable solely from the revenue derived from airport fac ilities or taxes\nlevied for airport development and shall not constitute an indebtedness of the\ngovernmental unit or the Commonwealth within the meaning of the Constitution. It shall\nbe plainly stated on the face of each bond that it has been issued under the provisions of\nKRS 183.630 to 183.740 and that it does not constitute an indebtedness of the\ngovernmental unit or the Commonwealth within the meaning of the Constitution.","path":["KRS Chapter 183"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=5806","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:35Z","sha256":"92b5ae2c67cd4d56113e03d2edee863ff63f571fda1affd7556afb1f9317b766","source_id":"us-ky","stale":false,"prev":"us-ky/krs-183.640","next":"us-ky/krs-183.660"},"notice":"GroundRules: Original legal text. Not legal advice."}