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66.141 Manner of sale of bonds or notes.

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Page 1 of 1 66.141 Manner of sale of bonds or notes. Except for bonds which are also notes, bonds shall be sold by advertised competitive bid. <br>Notes may be sold by competitive bid or at private negotiated sale in a manner <br>determined or authorized by the issuer. Bonds may be sold at a price equal to a percent of <br>their principal amount, plus accrued interest, and at an interest rate or rates not exceeding <br>that determined by the issuer in accordance with the method of sale prescribed in this <br>chapter. Effective: July 15, 1996 <br>History: Created 1996 Ky. Acts ch. 280, sec. 14, effective July 15, 1996.