Statutes > Kentucky Statutes > CHAPTER 58 ACQUISITION AND DEVELOPMENT OF PUBLIC PROJECTS THROUGH REVENUE BONDS > 58.120 Bonds for extensions and improvements.

58.120 Bonds for extensions and improvements.

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58.120 Bonds for extensions and improvements. Any governmental agency acquiring any public project pursuant to the provisions of KRS <br>58.010 to 58.140 may, at the time of issuing the bonds for such acquisition, provide for <br>additional bonds for extensions and permanent improvements to be placed in escrow and <br>to be negotiated from time to time as proceeds for that purpose may be necessary. Bonds <br>placed in escrow shall, when negotiated, have equal standing with bonds of the same <br>issue. History: Created 1946 Ky. Acts ch. 126, sec. 12.