353.760 Bonds of authority not debts of Commonwealth. Bonds issued by the authority under KRS 353.750 to 353.776 shall not constitute a debt of this Commonwealth or any political subdivision thereof or a pledge of the faith and credit of the Commonwealth or any political subdivision. The bonds shall be payabl e solely from the funds and security provided for payment under KRS 353.750 to 353.776, and each bond shall contain a statement to that effect on its face. Effective: June 20, 2005 History: Created 2005 Ky. Acts ch. 155, sec. 6, effective June 20, 2005.
Kentucky Legal Code