{"data":{"id":"us-ky/krs-58.610","jurisdiction":"us-ky","citation":"KRS 58.610","heading":"Issuance by school districts, county and city government, or special district -","body":"- Special procedure.\n(1) Energy conservation revenue bonds authorized under KRS 58.600 to 58.610 issued\nby or on behalf of a school district shall be approved or disapproved  by the chief\nstate school officer based on consideration of the following criteria:\n(a) Funding capability of the school;\n(b) The availability of general fund, capital outlay allotment under KRS 157.420,\nor state and local funds from the Facility Support Program of Kentucky under\nKRS 157.440, that are to be contributed by the school district as capital cost\navoidance; and\n(c) Proper bond documentation.\n(2) Guaranteed energy savings and guaranteed operational savings of a guaranteed\nenergy savings contract shall be exempt from current or future debt limitations,\nexcept that capital cost avoidance, as defined in KRS 58.600, shall not be exempt\nfrom current or future debt limitations.\n(3) No energy conservation revenue bonds authorized under KRS 58.600 to 58.6 10\nshall be issued by or on behalf of a county, urban -county government, charter\ncounty government, city, or special district without the prior approval of the state\nlocal debt officer, except that this approval shall not be required if the principal\namount of energy conservation revenue bonds is less than five hundred thousand\ndollars ($500,000).\n(4) Any issuance of energy conservation revenue bonds shall be reported to the state\nlocal debt officer.","path":["KRS Chapter 58"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=22868","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:13Z","sha256":"8ea210ca1ee328844a776e8b6125cdcfb65db38fa077e9129c7ba4930b60e4aa","source_id":"us-ky","stale":false,"prev":"us-ky/krs-58.605","next":"us-ky/krs-58.615"},"notice":"GroundRules: Original legal text. Not legal advice."}