{"data":{"id":"us-ky/krs-74.340","jurisdiction":"us-ky","citation":"KRS 74.340","heading":"Interest payments and repurchase of bonds out of sinking fund -- Bonds","body":"negotiable and nontaxable.\nUpon the issuance of refunding bonds, the water district shall annually, from delinquent\nassessment collection and other revenues, carry to the sinking fund of the water district an\namount sufficient to pay the annual interest on the bonds and create a fund for their\npurchase. Whenever there is a sufficient sum in the sinking fund over the amount\nrequired for the payment of interest, it shall be used in the  purchasing of as many bonds\nas is practicable. All such bonds shall be negotiable and shall not be subject to taxation.","path":["KRS Chapter 74"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=24400","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:34Z","sha256":"f6bc26bf6543dda202b497f4e0a8f195f7968c208dcc9c28a65e4f45d42bdb3f","source_id":"us-ky","stale":false,"prev":"us-ky/krs-74.330","next":"us-ky/krs-74.350"},"notice":"GroundRules: Original legal text. Not legal advice."}