76.272 Bonds of several construction subdistricts -- Purposes, effect.
Download pdf
Loading PDF...
<![CDATA[
76.272 Bonds of several construction subdistricts -- Purposes, effect.
(1) The district may issue for one or more construction subdistricts bonds to finance
construction of trunk, main, connecting sewers and any other facilities necessary to <br>which, directly or indirectly, connect one or more of such construction subdistricts <br>to either the district facilities or to a treatment plant, disposal plant, or outfall sewer <br>which also serves, directly or indirectly, at least one (1) other construction <br>subdistrict. Such bonds may also be used to finance construction of a treatment <br>plant, disposal plant, or outfall sewer of the type described in the preceding <br>sentence.
(2) Bonds issued pursuant to subsection (1) shall be construction subdistrict obligations
for all construction subdistricts for which they are issued.
(3) Except as provided in this section, bonds authorized by subsection (1) shall be
governed by KRS 76.254 and 76.261. Such bonds shall be construction subdistrict <br>bonds within the meaning of paragraph (a) of subsection (3) of KRS 76.262. They <br>shall not be considered construction subdistrict bonds within the meaning of <br>subsection (6) of KRS 76.262.
History: Created 1964 Ky. Acts ch. 33, sec. 26.
]]>