Page 1 of 1 175.780 Power of turnpike authority to issue economic development road revenue bonds and notes. To provide for the construction, reconstruction, and relocation of economic development <br>road projects, the authority is hereby authorized and empowered, subject to the <br>limitations contained in a branch budget bill as defined in KRS 48.010, under and <br>pursuant to the terms and provisions of a written agreement or agreements with the <br>cabinet, to construct, reconstruct, relocate, finance, and operate economic development <br>road projects, to lease such projects to the cabinet, and to issue economic development <br>road revenue bonds or notes of the authority to finance such projects. In the planning, <br>construction, and financing of any economic development road project, the authority and <br>the cabinet shall, subject to the provisions of KRS 175.750 to 175.810, have and use all <br>authority, procedures, and rights provided by the provisions of KRS 175.410 to 175.690, <br>inclusive. Effective: June 25, 2009 <br>History: Amended 2009 Ky. Acts ch. 78, sec. 39, effective June 25, 2009. -- Amended 1994 Ky. Acts ch. 387, sec. 27, effective July 15, 1994. -- Amended 1990 Ky. Acts <br>ch. 502, sec. 1, effective April 11, 1990; and ch. 507, sec. 24, effective July 13, 1990. <br>-- Amended 1982 Ky. Acts ch. 450, sec. 74, effective July 1, 1983. -- Created 1980 <br>Ky. Acts ch. 393, sec. 4, effective July 15, 1980.
Page 1 of 1 175.780 Power of turnpike authority to issue economic development road revenue bonds and notes. To provide for the construction, reconstruction, and relocation of economic development <br>road projects, the authority is hereby authorized and empowered, subject to the <br>limitations contained in a branch budget bill as defined in KRS 48.010, under and <br>pursuant to the terms and provisions of a written agreement or agreements with the <br>cabinet, to construct, reconstruct, relocate, finance, and operate economic development <br>road projects, to lease such projects to the cabinet, and to issue economic development <br>road revenue bonds or notes of the authority to finance such projects. In the planning, <br>construction, and financing of any economic development road project, the authority and <br>the cabinet shall, subject to the provisions of KRS 175.750 to 175.810, have and use all <br>authority, procedures, and rights provided by the provisions of KRS 175.410 to 175.690, <br>inclusive. Effective: June 25, 2009 <br>History: Amended 2009 Ky. Acts ch. 78, sec. 39, effective June 25, 2009. -- Amended 1994 Ky. Acts ch. 387, sec. 27, effective July 15, 1994. -- Amended 1990 Ky. Acts <br>ch. 502, sec. 1, effective April 11, 1990; and ch. 507, sec. 24, effective July 13, 1990. <br>-- Amended 1982 Ky. Acts ch. 450, sec. 74, effective July 1, 1983. -- Created 1980 <br>Ky. Acts ch. 393, sec. 4, effective July 15, 1980.
Page 1 of 1 175.780 Power of turnpike authority to issue economic development road revenue bonds and notes. To provide for the construction, reconstruction, and relocation of economic development <br>road projects, the authority is hereby authorized and empowered, subject to the <br>limitations contained in a branch budget bill as defined in KRS 48.010, under and <br>pursuant to the terms and provisions of a written agreement or agreements with the <br>cabinet, to construct, reconstruct, relocate, finance, and operate economic development <br>road projects, to lease such projects to the cabinet, and to issue economic development <br>road revenue bonds or notes of the authority to finance such projects. In the planning, <br>construction, and financing of any economic development road project, the authority and <br>the cabinet shall, subject to the provisions of KRS 175.750 to 175.810, have and use all <br>authority, procedures, and rights provided by the provisions of KRS 175.410 to 175.690, <br>inclusive. Effective: June 25, 2009 <br>History: Amended 2009 Ky. Acts ch. 78, sec. 39, effective June 25, 2009. -- Amended 1994 Ky. Acts ch. 387, sec. 27, effective July 15, 1994. -- Amended 1990 Ky. Acts <br>ch. 502, sec. 1, effective April 11, 1990; and ch. 507, sec. 24, effective July 13, 1990. <br>-- Amended 1982 Ky. Acts ch. 450, sec. 74, effective July 1, 1983. -- Created 1980 <br>Ky. Acts ch. 393, sec. 4, effective July 15, 1980.
