Statutes, codes, and regulations
Kentucky Revised Statutes
Title 9 - COUNTIES, CITIES, AND OTHER LOCAL UNITSChapter 96 - UTILITIES IN CITIES
POWERS OF CITIES OF THIRD TO SIXTH CLASS
Section 96.195 - City may issue interest-bearing warrants for improvements and extensions to electric power plants or waterworks

Ky. Rev. Stat. § 96.195

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Current through Acts Received April 24, 2024
Section 96.195 - City may issue interest-bearing warrants for improvements and extensions to electric power plants or waterworks

Municipal corporations in the Commonwealth of Kentucky which own and operate municipal electric power plants or waterworks are authorized to issue interest-bearing warrants in payment for extensions and improvements to electric power plants or waterworks. The warrants shall bear interest at the rate or rates or method of determining rates as the legislative body of the municipal corporation determines and be due not more than five (5) years from date. They shall be payable only out of the income from the operation of the electric power plants or waterworks.

KRS 96.195

Amended by 2014 Ky. Acts ch. 92,§ 160, eff. 1/1/2015.
Effective:7/15/1996
Amended 1996, Ky. Acts ch. 274, sec. 20, effective7/15/1996. -- Created 1946 Ky. Acts ch. 241, sec. 1.