Officers or employees of an authority shall not have any direct interest in the sale or purchase of any project revenue bonds authorized by that authority. Violation of this section shall be punishable by fine of not more than one thousand dollars ($1,000) or by imprisonment for not more than one (1) year, or both.
Effective: June 26, 2009

Terms Used In Kentucky Statutes 175B.105

  • Authority: means the state authority, or a bi-state authority, or a project authority, unless the specific use requires that it apply only to the state authority, or a bi-state authority, or a project authority. See Kentucky Statutes 175B.010
  • Project: includes all bridges, tollhouses, garages, and other buildings and facilities which the authority deems necessary for the operation of the project, together with all property, rights, easements, and interests which may be acquired by the authority or by the Commonwealth for the construction and operation of a project. See Kentucky Statutes 175B.010
  • Year: means calendar year. See Kentucky Statutes 446.010

History: Created 2009 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 95, effective June 26,
2009.

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