{"data":{"id":"us-ky/krs-197.540","jurisdiction":"us-ky","citation":"KRS 197.540","heading":"Irrevocable letter of credit as substitute for performance bond --","body":"Protection of state's interest in continual level of prison beds.\n(1) When KRS 197.510 or any other statute relating to contracting for the private\noperation of prisons requires a performance bond, an irrevocable letter of credit or a\nperformance bond in a form satisfactory to the Commonwealth may be substituted.\n(2) The contract shall also protect the state's interest in providing a continual level of\nprison beds available without a su dden drop in the number of prison beds available\nor the need to release inmates or provide for their transfer to other facilities.","path":["KRS Chapter 197"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=6910","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:50Z","sha256":"4322b57ff4edd4e3bb86199cfc6345ab6018d39ef03dd2f880a109e04d866c44","source_id":"us-ky","stale":false,"prev":"us-ky/krs-197.535","next":"us-ky/krs-197.990"},"notice":"GroundRules: Original legal text. Not legal advice."}