Bonds issued by the authority under the provisions of KRS § 441.625 to KRS § 441.695 do not constitute a debt of the Commonwealth or of any political subdivision thereof, or a pledge of the faith and credit of the Commonwealth or of any such political subdivision, but such bonds shall be payable solely from the funds, and security, provided therefor under the provisions of KRS § 441.625 to KRS § 441.695, and all such bonds shall contain on the face thereof a statement to that effect.
Effective: July 15, 1982

Terms Used In Kentucky Statutes 441.645

  • branch budget: means an enactment by the General Assembly which provides appropriations and establishes fiscal policies and conditions for the biennial financial plan for the judicial branch, the legislative branch, and the executive branch, which shall include a separate budget bill for the Transportation Cabinet. See Kentucky Statutes 446.010

History: Created 1982 Ky. Acts ch. 235, sec. 9, effective July 15, 1982.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, H, 5, c, (2) at 1687.

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