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97.170 Use of money received from sale of bonds.

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97.170 Use of money received from sale of bonds. All money received from any bonds issued pursuant to KRS 97.150 shall be applied <br>solely to the establishment, erection and acquisition of the recreational project and <br>necessary appurtenances, except that the money may be used to advance the payment of <br>interest on bonds during the first three (3) years following the date of the bonds and to <br>advance the expenses of operation and maintenance for one (1) month after the opening <br>of the project. Effective: October 1, 1942 <br>History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 2741p-19.