(1) A violation of KRS 441.035 shall be deemed a Class A misdemeanor.
(2) No officer or employee of the authority shall have any interest, direct or indirect, in the sale or purchase of any bonds authorized by KRS 441.625 to 441.695. Violation of this provision shall be punishable by a fine of not more than one thousand dollars ($1,000) or by imprisonment for not more than one (1) year, or both.

Terms Used In Kentucky Statutes 441.990

  • Misdemeanor: Usually a petty offense, a less serious crime than a felony, punishable by less than a year of confinement.
  • Year: means calendar year. See Kentucky Statutes 446.010

Effective: July 15, 1982
History: Amended 1982 Ky. Acts ch. 235, sec. 21, effective July 15, 1982. –Amended
1976 (1st Extra. Sess.) Ky. Acts ch. 12, sec. 13, effective January 1, 1978. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 2229.