Any governmental unit acquiring, constructing, maintaining, expanding, financing or improving any air navigation facilities or any airport facilities pursuant to the provisions of KRS 183.630 to 183.740 may, at the time of issuing the bonds for such acquis ition, construction, maintenance, expansion, financing or improvement, provide for additional bonds for extensions and permanent improvements to be placed in escrow and to be negotiated from time to time as proceeds for that purpose may be necessary. Bonds placed in escrow shall, when negotiated, have equal standing with the bonds of the same issue.
‹ Prev All Kentucky sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.