{"data":{"id":"us-ky/krs-247.951","jurisdiction":"us-ky","citation":"KRS 247.951","heading":"Issuance of refunding bonds.","body":"Subject to the rights of the holders of the bonds of the corporation, the corporation is\nhereby authorized and empowered to issue from time to time its bonds for the purpose of\nrefunding any bonds of the corporation then outstanding, together with the paym ent of\nany redemption premiums thereon and interest accrued or to accrue to the date of\nredemption of such outstanding bonds. All the refunding bonds of the corporation shall be\nissued, sold or exchanged, and delivered, shall be secured, and shall be subje ct to the\nprovisions of KRS 247.940 to 247.978 in the same manner and to the same extent as any\nother bonds issued by the corporation pursuant to KRS 247.940 to 247.978, unless\notherwise determined by resolution of the corporation. Refunding bonds issued b y the\ncorporation as herein provided may be sold or exchanged for outstanding bonds of the\ncorporation and, if sold, the proceeds thereof may be applied, in addition to any other\nauthorized purposes, to the purchase, redemption, or payment of the outstanding bonds.","path":["KRS Chapter 247"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=11863","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:00Z","sha256":"c0b1de6fed7ab0ff87975ce90a0f4a8817437f7250c1b843e475fc99a8f17bde","source_id":"us-ky","stale":false,"prev":"us-ky/krs-247.950","next":"us-ky/krs-247.952"},"notice":"GroundRules: Original legal text. Not legal advice."}