58.420 Public policy as to bond interest rates. It is hereby determined and declared to be the public policy of the Commonwealth that interest rates payable by public bodies upon public obligations be such as to be competitive with those rates which are permitted by other states, in order that necessary public projects may be financed and may be undertaken in the interest of the public health, safety, and general welfare. Effective: July 13, 1990 History: Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 292, effective July 13, 1990. -- Created 1 970 Ky. Acts ch. 24, sec. 2.
Kentucky Legal Code