Ky. Rev. Stat. § 180.120

Current through Acts Received April 24, 2024
Section 180.120 - Bridges to be united in one project to pay bonds

The department shall unite into one (1) project for financing purposes all or as many bridges to be built or purchased as it deems practicable, so that the tolls and other revenue derived from all of the bridges thus united shall be continued until all of the bonds for the united bridges are paid, and so that all such tolls shall be used for the payment of the principal and interest of all such bonds. But no bridge already purchased or built by or for the state shall be included in such bond issue. The lien of the bonds for any such united project shall be a lien upon the gross tolls and other revenues of all of the bridges in the project.

KRS 180.120

Effective:10/1/1942
Recodified 1942 Ky. Acts ch. 208, sec. 1, effective10/1/1942, from Ky. Stat. secs. 4356s-18, 4356s-37.