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58.100 Refunding bonds.

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58.100 Refunding bonds. The governmental agency may issue new bonds to provide funds for the payment of any <br>outstanding bonds, in accordance with the procedure prescribed by KRS 58.010 to <br>58.140. The new bonds shall be secured to the same extent and shall have the same <br>source of payment as the bonds refunded. Furthermore, the maturity schedule of the new <br>bonds shall not extend beyond the remaining life of the original bonds unless the original <br>bonds were issued by a county, urban-county, city, or an agency or instrumentality of a <br>county, urban-county, or city. Effective: July 14, 1992 <br>History: Amended 1992 Ky. Acts ch. 191, sec. 1, effective July 14, 1992. -- Created 1988 Ky. Acts ch. 83, sec. 1, effective July 15, 1988.