56.86 4 Form of financing for tax and revenue anticipation notes, project notes, and funding notes. Tax and revenue anticipation notes, project notes, and funding notes may be variable -rate or fixed -rate obligations issued in the form of commercial paper, fixe d-rate obligations, variable -rate demand obligations, multimodal obligations, commercial bank loans, or other commercially -reasonable forms of financing. Effective: May 30, 1997 History: Created 1997 (1st Extra. Sess.) Ky. Acts ch. 4, sec. 6, effective May 30, 1997.
Kentucky Legal Code