96A.150 Bond anticipation notes. When an authority has made a determination, as a matter of record, that it will authorize and issue in its own name revenue bonds under authority of subsection (2) of KRS 96A.120, or mortgage bonds under authority of subsection (3) of KRS 96A.120, such authority may obtain interim construction or acquisition financing moneys through the authorization and issuance of its revenue bond anticipation notes, or its mortgage bond anticipation notes, as the case may be, the same to be shown in the text thereof to be payable as to principal and interest solely from the proceeds of the authorized revenue bonds or mortgage bonds, as the case may be. Such notes shall mature not later than one (1) year from the date of issuance thereof, as the authority may determine, and shall be renewable at or prior to maturity according to the provisions of the authority's proceedings incident to the issuance thereof. Such anticipation notes need not be offered at an advertised competitive public sale, but may be offered in the manner provided for in the case of similar notes of certain state agencies, according to KRS 56.513. History: Created 1970 Ky. Acts ch. 243, sec. 22.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.