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216.110 Interest rate and term of bonds.

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216.110 Interest rate and term of bonds. All bonds issued under the provisions of KRS 216.100 to 216.220 may bear interest at a <br>rate or rate or method of determining rates, payable at least annually, and shall be <br>executed in a manner and be payable at times, not exceeding thirty (30) years from the <br>date of the issue of the bonds, and at a place as the legislative body shall determine. Effective: July 15, 1996 <br>History: Amended 1996 Ky. Acts ch. 274, sec. 50, effective July 15, 1996. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. <br>sec. 3235i-4.