Ky. Rev. Stat. § 181.670

Current through 2024 Ky. Acts ch.225

Section 181.670 - Interest on bonds - Maturity - Redemption before maturity

(1) The bonds shall bear interest at a rate or rates or method of determining rates, payable at least annually, and shall mature not more than thirty (30) years from the date of their issuance, at a date fixed by the commission.

(2) The bonds may be made redeemable before maturity, at the option of the commission, under terms fixed by the commission prior to the issuance of the bonds.

KRS 181.670

Effective:7/15/1996
Amended 1996, Ky. Acts ch. 274, sec. 41, effective7/15/1996. --Recodified 1942 Ky. Acts ch. 208, sec. 1, effective 10/1/1942, from Ky. Stat. sec. 3235g-17.