Statutes > Kentucky Statutes > CHAPTER 58 ACQUISITION AND DEVELOPMENT OF PUBLIC PROJECTS THROUGH REVENUE BONDS > 58.420 Public policy as to bond interest rates.

58.420 Public policy as to bond interest rates.

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58.420 Public policy as to bond interest rates. It is hereby determined and declared to be the public policy of the Commonwealth that <br>interest rates payable by public bodies upon public obligations be such as to be <br>competitive with those rates which are permitted by other states, in order that necessary <br>public projects may be financed and may be undertaken in the interest of the public <br>health, safety, and general welfare. Effective: July 13, 1990 <br>History: Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 292, effective July 13, 1990. -- Created 1970 Ky. Acts ch. 24, sec. 2.