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40.190 Issuance of bonds by State Property and Buildings Commission.

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40.190 Issuance of bonds by State Property and Buildings Commission. For the purpose of providing funds for payment of the veterans' bonus authorized by this <br>chapter, the State Property and Buildings Commission shall from time to time as funds <br>are anticipated to be required, provide by resolution for the issuance and sale of general <br>obligation bonds of the Commonwealth, for payment of which, both principal and interest <br>when due, the full faith, credit, resources and unlimited taxing power of the <br>Commonwealth shall irrevocably be pledged, together with, additionally, a specific <br>pledge of and first charge upon the proceeds of the retail sales tax required to be levied by <br>the provisions of KRS 40.005, referred to in KRS 40.020. Effective: February 20, 1960 <br>History: Created 1960 Ky. Acts ch. 15, sec. 22, effective February 20, 1960.