{"data":{"id":"us-ky/krs-40.200","jurisdiction":"us-ky","citation":"KRS 40.200","heading":"Commission's power to fix details of bonds.","body":"All bonds issued hereunder shall be dated July 1, 1960, and shall mature on or prior to\nthirty (30) years from such date as the State Property and Buildings Commission may\nprovide in each resolution authorizing the issuance and sale of such bonds. The Stat e\nProperty and Buildings Commission shall in each such resolution determine other details,\nincluding whether the bonds shall be of term or serial maturities, and the amount which\nshall mature on any serial maturity date; denominations; whether the bonds, o r any of\nthem, shall be subject to redemption prior to stated maturities and upon what terms; place\nor places of payment of principal and interest, which may be within the Commonwealth\nor outside thereof; whether the bonds shall have semiannual interest co upons annexed; be\nregistered or registrable as to principal or interest, or both; and any other details not\ncontrary to law or inconsistent with this chapter which in the discretion of the said\ncommission may appear wise and expedient. The commission shall  fix and establish the\ninterest rate or rates for each issue of bonds, and interest shall be payable semiannually.\nEach sale shall be advertised pursuant to KRS Chapter 424 and by at least one (1)\npublication in a financial newspaper or journal published i n the City and State of New\nYork.","path":["KRS Chapter 40"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=21840","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:48:59Z","sha256":"e7d60d8b0ab7729dd2494988d638d4ddab177fd38825b85de8a65dd871bf8720","source_id":"us-ky","stale":false,"prev":"us-ky/krs-40.190","next":"us-ky/krs-40.210"},"notice":"GroundRules: Original legal text. Not legal advice."}