{"data":{"id":"us-ky/krs-81.440","jurisdiction":"us-ky","citation":"KRS 81.440","heading":"Obligations and special taxes are unimpaired.","body":"A merger or consolidation shall not impair contractual obligations of either of the\ncombined cities. Tax levies authorized for the payment of interest and the retirement of\nbonds or to create sinking funds for such purposes shall continue to be levied and\ncollected over the same area by and for the new governing body in accordance with the\nlaws under which the levies were originally made until all bonded obligations of the old\ncity have been retired.","path":["KRS Chapter 81"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=24996","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:42Z","sha256":"99691536606b5f1c439a92001c5c241f88bb8e16444f89934ac9f778687f4b6e","source_id":"us-ky","stale":false,"prev":"us-ky/krs-81.430","next":"us-ky/krs-81.500"},"notice":"GroundRules: Original legal text. Not legal advice."}