{"data":{"id":"us-ky/krs-65.692","jurisdiction":"us-ky","citation":"KRS 65.692","heading":"Permitted purposes for bond issuance.","body":"(1) Increment bonds may be issued to pay the costs of projects in the development area.\nThe provisions of KRS 66.021, 66.031, 66.041, 66.045, 66.071, 66.091, 66.121,\n66.131, 66.141, 66.151, 66.171, 66.181, and 66.191 shall apply to the issuance of\nincrement bonds insofar as they do not conflict with KRS 65.680 to 65.699; if they\ndo conflict, KRS 65.680 to 65.699 shall apply.\n(2) Debt payments on increment bonds may be paid from increments, from any other\nfunds of the issuer, or from funds identified in a grant contract, or any combination\nthereof. If increment bonds are payable solely from increments, the issuer shall,\nprior to the issuance of the increment bonds, make a determination that the\nincrements are adequate to make the debt payments so long as the incr ement bonds\nare outstanding.\n(3) Increment bonds may also be issued to fund or refund all or any portion of\noutstanding increment bonds. Any increment bonds issued under this subsection\nshall mature as determined by the governing body consistent with the d efinition of\ntermination date as contained in KRS 65.680 and 66.091.","path":["KRS Chapter 65"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=23459","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:22Z","sha256":"7d6bf89b4228cce5a76f7bcd110c615f7df9232a3325564a43ec7837f06a0d01","source_id":"us-ky","stale":false,"prev":"us-ky/krs-65.690","next":"us-ky/krs-65.694"},"notice":"GroundRules: Original legal text. Not legal advice."}