{"data":{"id":"us-ky/krs-40.005","jurisdiction":"us-ky","citation":"KRS 40.005","heading":"Authorization to enact veterans' bonus.","body":"The General Assembly shall by law provide for the issuance and sale of bonds of the\nCommonwealth, notwithstanding the limitation of indebtedness in Section 49 or any\nother section of the Constitution of Kentucky, which shall be in addition to all other\nbonds of the Commonwealth heretofore authorized. The proceeds of such additional\nbonds, or so many thereof as may be necessary for the purpose, shall be used and\nappropriated solely for the purpose of paying a cash bonus not to exceed $500 for service\noutside the continental limits of the United States, and $300 for service in the continental\nlimits of the United States to the veterans, their widows or heirs, or next of kin, of the\nSpanish-American War, World War I, World War II, and the Korean conflict, who w ere\nresidents of the Commonwealth at the time of their entry into the service and at least six\n(6) months prior thereto. The General Assembly at the same session authorizing the\nissuance of the bonds shall levy a tax upon all retail sales at such a rate as  will pay the\ninterest upon and retire the bonds in no less than thirty (30) years, provided that retail\nsales of food and food products, medicines, and clothing may be exempted from such tax.","path":["KRS Chapter 40"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=21820","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:48:59Z","sha256":"6b86ab6b154704123194d9e4e33b7e26f08355100337109a1020b9fd98ce466d","source_id":"us-ky","stale":false,"prev":"us-ky/krs-39g.050","next":"us-ky/krs-40.010"},"notice":"GroundRules: Original legal text. Not legal advice."}