{"data":{"id":"us-ky/krs-58.570","jurisdiction":"us-ky","citation":"KRS 58.570","heading":"Bonds may be secured by indenture.","body":"In the discretion of the authority, any bonds issued under the provisions of KRS 58.500 to\n58.590 may be secured by a trust indenture by and between the authority and a corporate\ntrustee, which may be any trust company or bank having the powers of a trust company in\nthe Commonwealth. If obtainable, insurance adequate to cover the unpaid amount of\noutstanding revenue bonds shall be carried on the improvements of Churchill Downs. All\nexpenses incurred in carrying out the provisions of such trust indenture or proceedings\nmay be treated as a part of the cost of the operation of the project.","path":["KRS Chapter 58"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=22863","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:13Z","sha256":"92832777c7d851319fb58e3e51274f76030ea65e1772b51c557e2d27a89ba991","source_id":"us-ky","stale":false,"prev":"us-ky/krs-58.560","next":"us-ky/krs-58.580"},"notice":"GroundRules: Original legal text. Not legal advice."}