{"data":{"id":"us-ky/krs-80.560","jurisdiction":"us-ky","citation":"KRS 80.560","heading":"No personal or governmental liability on bonds -- Tax exemption.","body":"Neither the members nor any person executing the bonds shall be liable personally on the\nbonds by reason of the issuance thereof. The bonds and other obligations of an authority\n(and such bonds and obligations shall so state on their face) shall not be a debt of the city,\nthe county, the Commonwealth or any political subdivision thereof and neither the city or\nthe county, nor the Commonwealth or any political subdivision thereof shall be liable\nthereon, nor in any event shall such bonds or obligations be pa yable out of any funds or\nproperties other than those of the authority. The bonds shall not constitute an\nindebtedness within the meaning of any constitutional or statutory debt limitation or\nrestriction. Bonds of an authority are declared to be issued for  an essential public and\ngovernmental purpose and to be public instrumentalities and, together with interest\nthereon and income therefrom, shall be exempt from taxes.","path":["KRS Chapter 80"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=24871","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:40Z","sha256":"af5ed35649f51324885d3bac6ba6998738f79c59e419bfeeea7f5f7ae11572f3","source_id":"us-ky","stale":false,"prev":"us-ky/krs-80.550","next":"us-ky/krs-80.570"},"notice":"GroundRules: Original legal text. Not legal advice."}