162.520 Definitions for KRS 162.520 to 162.620. As used in KRS 162.520 to 162.620, the following terms and words have the following <br>respective meanings, unless another meaning is clearly indicated by the context: <br>(1) As used in KRS 162.540, 162.550, 162.580, 162.590, 162.600, and 162.620 "authority" means "State Property and Buildings Commission;" (2) "Department" means the State Department of Education; <br>(3) "Board of education" means the governing body of a county school district, or of an independent school district, for which the authority issues its revenue bonds <br>pursuant to KRS 162.520 to 162.620; (4) "Project" means any undertaking to provide for a board of education any school buildings, facilities, improvements, and appurtenances authorized in KRS 162.120 <br>to 162.300; (5) "Lease" or "lease instrument" means a written instrument for the leasing of one (1) or more school projects executed by the authority as lessor and a board of education <br>as lessee, conforming to the specifications set forth in KRS 162.140; (6) "Bonds" or "bonds of the authority" means bonds issued by the authority under KRS 162.520 to 162.620, payable as to principal and interest solely from rentals received <br>from a board of education pursuant to a lease. Effective: July 15, 1996 <br>History: Amended 1996 Ky. Acts ch. 87, sec. 6, effective July 15, 1996. -- Amended 1990 Ky. Acts ch. 476, Pt. IV, sec. 260, effective July 13, 1990. -- Amended 1964 <br>Ky. Acts ch. 7, sec. 9. -- Created 1960 Ky. Acts ch. 81, sec. 2.
162.520 Definitions for KRS 162.520 to 162.620. As used in KRS 162.520 to 162.620, the following terms and words have the following <br>respective meanings, unless another meaning is clearly indicated by the context: <br>(1) As used in KRS 162.540, 162.550, 162.580, 162.590, 162.600, and 162.620 "authority" means "State Property and Buildings Commission;" (2) "Department" means the State Department of Education; <br>(3) "Board of education" means the governing body of a county school district, or of an independent school district, for which the authority issues its revenue bonds <br>pursuant to KRS 162.520 to 162.620; (4) "Project" means any undertaking to provide for a board of education any school buildings, facilities, improvements, and appurtenances authorized in KRS 162.120 <br>to 162.300; (5) "Lease" or "lease instrument" means a written instrument for the leasing of one (1) or more school projects executed by the authority as lessor and a board of education <br>as lessee, conforming to the specifications set forth in KRS 162.140; (6) "Bonds" or "bonds of the authority" means bonds issued by the authority under KRS 162.520 to 162.620, payable as to principal and interest solely from rentals received <br>from a board of education pursuant to a lease. Effective: July 15, 1996 <br>History: Amended 1996 Ky. Acts ch. 87, sec. 6, effective July 15, 1996. -- Amended 1990 Ky. Acts ch. 476, Pt. IV, sec. 260, effective July 13, 1990. -- Amended 1964 <br>Ky. Acts ch. 7, sec. 9. -- Created 1960 Ky. Acts ch. 81, sec. 2.
162.520 Definitions for KRS 162.520 to 162.620. As used in KRS 162.520 to 162.620, the following terms and words have the following <br>respective meanings, unless another meaning is clearly indicated by the context: <br>(1) As used in KRS 162.540, 162.550, 162.580, 162.590, 162.600, and 162.620 "authority" means "State Property and Buildings Commission;" (2) "Department" means the State Department of Education; <br>(3) "Board of education" means the governing body of a county school district, or of an independent school district, for which the authority issues its revenue bonds <br>pursuant to KRS 162.520 to 162.620; (4) "Project" means any undertaking to provide for a board of education any school buildings, facilities, improvements, and appurtenances authorized in KRS 162.120 <br>to 162.300; (5) "Lease" or "lease instrument" means a written instrument for the leasing of one (1) or more school projects executed by the authority as lessor and a board of education <br>as lessee, conforming to the specifications set forth in KRS 162.140; (6) "Bonds" or "bonds of the authority" means bonds issued by the authority under KRS 162.520 to 162.620, payable as to principal and interest solely from rentals received <br>from a board of education pursuant to a lease. Effective: July 15, 1996 <br>History: Amended 1996 Ky. Acts ch. 87, sec. 6, effective July 15, 1996. -- Amended 1990 Ky. Acts ch. 476, Pt. IV, sec. 260, effective July 13, 1990. -- Amended 1964 <br>Ky. Acts ch. 7, sec. 9. -- Created 1960 Ky. Acts ch. 81, sec. 2.
