{"data":{"id":"us-ky/krs-76.365","jurisdiction":"us-ky","citation":"KRS 76.365","heading":"Issuance of sewer construction bonds for amount of unpaid assessments --","body":"Interest, maturity, payment.\n(1) If all assessments are not paid in full by thirty (30) days after notice of assessment,\nthe commission may issue bonds for the amount of the unpai d assessments, and\nshall give notice that it proposes to issue bonds, giving the amount of bonds to be\nissued, and the time they will become payable.\n(2) At the expiration of thirty (30) days after the publication, the commission may\ndivide the unpaid assessments into not less than ten (10) annual installments, which\nshall draw interest at the rate or rates or method of determining rates as the\ncommission deems best and be payable at least annually, from thirty (30) days after\nthe date of publication. The b onds shall mature in series to correspond with the\ninstallments into which the unpaid assessments are divided, and shall draw interest\nat the rate or rates or method of determining rates as the commission determines, be\npayable at least annually, and be pa yable at some place to be designated by the\ncommission. The bonds shall be for the exclusive use and benefit of the sewer\nconstruction and shall designate on the face the name of the district and the purpose\nfor which they were issued.\n(3) The commission, in dividing the unpaid assessments into installments, shall fix the\ntime for payment, and each landowner shall pay the installments due on his land,\nwith interest due on that installment and deferred installments, to the treasurer of\nthe commission on or b efore the time fixed by the commission for the maturity of\nthe installment.\n(4) Enforcement of payment of assessment and interest shall be by suit.","path":["KRS Chapter 76"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=24562","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:36Z","sha256":"9b5b735b5aa755ba60d6ea9017b3ed264951f51434884ce660aa3134eb4d38d0","source_id":"us-ky","stale":false,"prev":"us-ky/krs-76.360","next":"us-ky/krs-76.366"},"notice":"GroundRules: Original legal text. Not legal advice."}