{"data":{"id":"us-ky/krs-67.505","jurisdiction":"us-ky","citation":"KRS 67.505","heading":"Use of bond revenue -- Lien created.","body":"All money received from any bonds issued pursuant to the provisions of KRS 67.450 to\n67.550 shall be used solely for the establishment, remodeling, erection or improvement of\nthe building and necessary appurtenances, except that the money may be used also to\nadvance the payment of the interest on bonds during the first three (3) years following the\ndate of the bonds. There shall be a statutory mortgage lien upon the buildings and\nappurtenances in favor of the holder of the bonds and coupons.","path":["KRS Chapter 67"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=23750","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:26Z","sha256":"2f3a7b77114977eb6d4c70f62ce23d36727fbece6a99743e19b64be37f160229","source_id":"us-ky","stale":false,"prev":"us-ky/krs-67.500","next":"us-ky/krs-67.510"},"notice":"GroundRules: Original legal text. Not legal advice."}