For the purpose of defraying the cost of acquiring, constructing, remodeling, or improvement of any building and its appurtenances under the provisions of KRS § 67.480, any county buildings commission may borrow money and issue negotiable bonds. No bonds shall be issued until the conditions of KRS § 67.450 to KRS § 67.550, including the provisions of KRS § 67.475 as to a lease, have been complied with and until authorized by a resolution specifying the proposed undertaking, the amount of bonds to be issued, and the maximum rate of interest the bonds are to bear. The resolution shall provide that the building or buildings and appurtenances are to be constructed, remodeled, improved, or acquired under the provisions of KRS § 67.450 to KRS § 67.550.
Effective: July 15, 1996
History: Amended 1996 Ky. Acts ch. 274, sec. 5, effective July 15, 1996. — Created
1962 Ky. Acts ch. 224, sec. 9.