{"data":{"id":"us-ky/krs-65.117","jurisdiction":"us-ky","citation":"KRS 65.117","heading":"Notice to state local debt officer required before any financial obligation","body":"entered into -- Administrative regulations.\n(1) No city, county, urban -county, consolidated local government, charter county, or\nspecial purpose governmental entity as defined in KRS 65A.010 shall enter into any\nfinancing obligation of any nature, whether evidenced by note pursuant to KRS\n65.7701 to 65.7721 or otherwise, by lease pursuant to KRS 65.940 to 65.956, under\nwhich the lease price exceeds two hundred thousand dollars ( $200,000), by bond\nissuance pursuant to KRS Chapter 66, or any long -term debt obligation of any sort\nwithout first notifying the state local debt officer in writing. The Department for\nLocal Government may promulgate administrative regulations to develop t he forms\nfor the notification that shall contain the relevant financial terms of the obligation,\nincluding the interest rates or method of determining rates, the date of issue, the\nmaturity dates, term of obligation, renewal periods, and the trustee or pay ing agent,\nif any. No approval of the state local debt officer shall be required, unless otherwise\nrequired by law.\n(2) Any financing obligation entered into prior to July 15, 2008, shall be considered in\ncompliance if that notification is provided to the state local debt officer no later than\none (1) year after July 15, 2008.","path":["KRS Chapter 65"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=41694","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:20Z","sha256":"d1a1c43c07bc7c9d3cb65ee20f7a46fb4d061b92751644dcf53c0f2457536c60","source_id":"us-ky","stale":false,"prev":"us-ky/krs-65.115","next":"us-ky/krs-65.120"},"notice":"GroundRules: Original legal text. Not legal advice."}