{"data":{"id":"us-ky/krs-98.130","jurisdiction":"us-ky","citation":"KRS 98.130","heading":"Sale of bonds -- Disposition of proceeds.","body":"If the voters of the city vote in favor of issuing the bonds, they shall, when issued, be\nplaced under the control of the commission, which shall determine when and at what\nprice and how they shall be sold. No bonds shall be sold for less than par, and any\npremiums and accrued interest obtained from the bonds shall constitute a part of the\nsinking fund for their ultimate retirement. As the bonds are sold, their proceeds shall go\nto the credit of the commission in the same depositories that are selected for the deposit\nof the funds of the sinking fund commissioners of the city, and upon the same agreement\nas to interest, and shall be withdrawn only upon the checks of the secretary and treasurer\nof the commission, countersigned by the chairman, accompanying a voucher approved by\nthe superintendent of construction or other employee designated by the commission for\nthat purpose.","path":["KRS Chapter 98"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=26474","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:01Z","sha256":"e459b14d67a9958d353fcd2d295e10c8b405ca76b60bc3b42100a4a46114e332","source_id":"us-ky","stale":false,"prev":"us-ky/krs-98.120","next":"us-ky/krs-98.140"},"notice":"GroundRules: Original legal text. Not legal advice."}