Any public body as defined in KRS § 58.410 when issuing bonds for the purpose of facilitating the construction, renovation or purchase of new or existing housing, including single family mortgage revenue bonds and multifamily housing revenue bonds, may issue and sell the bonds upon such terms, for such prices, and at such interest rates, as are deemed appropriate by the public body, including by public sale pursuant to KRS Chapter
424 or by private negotiated sale without advertisement.

Terms Used In Kentucky Statutes 58.125

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.

Effective: July 15, 1986
History: Created 1986 Ky. Acts ch. 259, sec. 1, effective July 15, 1986.