Statutes > Kentucky Statutes > CHAPTER 181 COUNTY AND CITY BRIDGES, TUNNELS, AND FERRIES > 181.730 Application of, and lien on, proceeds of bonds.

181.730 Application of, and lien on, proceeds of bonds.

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181.730 Application of, and lien on, proceeds of bonds. All money received from the sale of bonds issued under KRS 181.660 to 181.720 shall be <br>applied solely to the payment of the cost of the bridge or to the appurtenant sinking fund, <br>and the holders of the bonds or the trustee, as provided in KRS 181.740, shall have a lien <br>upon such money until it is so applied. Effective: October 1, 1942 <br>History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 3235g-18.