{"data":{"id":"us-ky/krs-96.800","jurisdiction":"us-ky","citation":"KRS 96.800","heading":"Use of proceeds from sale of bonds.","body":"All moneys received from the sale and issuance of bonds shall be used solely to defray\nthe cost of acquiring or improving an electric plant, except that such proceeds may in the\ndiscretion of the board also be used for the payment of the interest on the bonds until such\nacquisition and improvement is completed and for a period of not more than eighteen (18)\nmonths thereafter. The cost of the electric plant shall include all costs of acquisition or\nimprovement, including all preliminary expenses described in  KRS 96.730; the cost of\nacquiring all property, franchises, easements, and rights which, in the judgment of the\nboard, are necessary or convenient; engineering and legal expenses; expenses for\nestimates of cost and revenues; expenses for plans, specificat ions and surveys; other\nexpenses incident or necessary to determining the feasibility or practicability of the\nenterprise; administrative expense; and such other expense as may be incurred in the\nfinancing herein authorized, the acquisition or improvement of the electric plant, the\nplacing of such plant in operation, including the creation of a cash working fund, and the\nperformance of the things herein required or permitted in connection therewith.","path":["KRS Chapter 96"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=26286","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:58Z","sha256":"e4590cca3620251d369973c7573229279055ba980bd2a0a675e17cbf49df697c","source_id":"us-ky","stale":false,"prev":"us-ky/krs-96.790","next":"us-ky/krs-96.810"},"notice":"GroundRules: Original legal text. Not legal advice."}