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183.630 Governmental unit may issue revenue bonds for airport purposes.

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183.630 Governmental unit may issue revenue bonds for airport purposes. For the purpose of defraying the cost of acquiring, constructing, maintaining, expanding, <br>financing or improving any airport facilities or air navigation facilities, or any part thereof <br>or interest therein, or contract for services therefrom the cabinet may, with the approval of <br>the Governor, borrow money and issue negotiable bonds. A governmental unit may <br>borrow money and issue negotiable bonds, for the same purposes, but only after an <br>ordinance or resolution has been adopted by the legislative body specifying the proposed <br>undertaking, the amount of bonds to be issued and the maximum rate of interest the <br>bonds are to bear. The ordinance or resolution shall further provide that the revenue <br>bonds are to be issued pursuant to the provisions of KRS 183.630 to 183.740. History: Amended 1968 Ky. Acts ch. 83, sec. 5. -- Amended 1964 Ky. Acts ch. 134, sec. 10. -- Amended 1960 Ky. Acts ch. 179, sec. 39. -- Created 1945 (1st Extra. <br>Sess.) Ky. Acts ch. 3, sec. 2.