{"data":{"id":"us-ky/krs-96.400","jurisdiction":"us-ky","citation":"KRS 96.400","heading":"Application of proceeds of bonds -- Lien.","body":"All moneys received from the bonds shall be applied solely for the purchase,\nestablishment or erection of the waterworks and extensions and appurtenances thereto, or\nto advance the payment of the interest on the bonds during the first three (3) years\nfollowing the date of the bonds. A statutory mortgage lien shall exist upon the\nwaterworks and appurtenances and extensions so acquired in favor of the holders of the\nbonds and coupons.","path":["KRS Chapter 96"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=26229","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:58Z","sha256":"17568df49631fd248ac03fc6f5169c6eff5427cf515fcc661012394fb672d005","source_id":"us-ky","stale":false,"prev":"us-ky/krs-96.390","next":"us-ky/krs-96.410"},"notice":"GroundRules: Original legal text. Not legal advice."}