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107.750 Construction of KRS 107.720 to 107.760 -- Issuance of bonds authorized.

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107.750 Construction of KRS 107.720 to 107.760 -- Issuance of bonds authorized. (1) KRS 107.720 to 107.760 shall be construed liberally to effect its purposes and shall not be construed as a restriction or limitation upon any powers which any political <br>subdivision, private owner or private owner/operator might otherwise have under <br>any laws of the Commonwealth; and the provisions of KRS 107.720 to 107.760 are <br>cumulative to any such powers. KRS 107.720 to 107.760 does and shall be <br>construed to provide a complete, additional and alternative method for the doing of <br>the things authorized thereby and shall be regarded as supplemental and additional <br>to other laws. (2) Any city, county or urban-county may issue negotiable revenue bonds pursuant to KRS 103.200 et seq. in order to finance the costs associated with a privatization <br>project entered into pursuant to KRS 107.720 to 107.760. (3) Bonds issued pursuant to KRS 107.720 to 107.760 do not constitute a debt or liability of this Commonwealth or of any legislative body, or any other political <br>subdivision of the Commonwealth. Those bonds do not constitute the loaning of the <br>credit of the Commonwealth or of any legislative body, or of any other political <br>subdivision of the Commonwealth. Effective: July 15, 1986 <br>History: Created 1986 Ky. Acts ch. 456, sec. 6, effective July 15, 1986.