State Codes and Statutes

Statutes > Kentucky > 177-00 > 490

Download pdf
Loading PDF...


177.490 Trust funds. All moneys received pursuant to the authority of KRS 177.390 to 177.570, whether as <br>proceeds from the sale of bonds or as revenues, shall be deemed to be trust funds to be <br>held and applied solely as provided in KRS 177.390 to 177.570. The proceedings <br>authorizing the bonds of any issue or the trust agreement securing such bonds shall <br>provide that any officer with whom, or any bank or trust company with which, such <br>moneys shall be deposited shall act as trustee of such moneys and shall hold and apply the <br>same for the purposes hereof, subject to such regulations as KRS 177.390 to 177.570 and <br>such proceedings or trust agreement may provide. History: Created 1950 Ky. Acts ch. 157, sec. 11.

State Codes and Statutes

Statutes > Kentucky > 177-00 > 490

Download pdf
Loading PDF...


177.490 Trust funds. All moneys received pursuant to the authority of KRS 177.390 to 177.570, whether as <br>proceeds from the sale of bonds or as revenues, shall be deemed to be trust funds to be <br>held and applied solely as provided in KRS 177.390 to 177.570. The proceedings <br>authorizing the bonds of any issue or the trust agreement securing such bonds shall <br>provide that any officer with whom, or any bank or trust company with which, such <br>moneys shall be deposited shall act as trustee of such moneys and shall hold and apply the <br>same for the purposes hereof, subject to such regulations as KRS 177.390 to 177.570 and <br>such proceedings or trust agreement may provide. History: Created 1950 Ky. Acts ch. 157, sec. 11.

State Codes and Statutes

State Codes and Statutes

Statutes > Kentucky > 177-00 > 490

Download pdf
Loading PDF...


177.490 Trust funds. All moneys received pursuant to the authority of KRS 177.390 to 177.570, whether as <br>proceeds from the sale of bonds or as revenues, shall be deemed to be trust funds to be <br>held and applied solely as provided in KRS 177.390 to 177.570. The proceedings <br>authorizing the bonds of any issue or the trust agreement securing such bonds shall <br>provide that any officer with whom, or any bank or trust company with which, such <br>moneys shall be deposited shall act as trustee of such moneys and shall hold and apply the <br>same for the purposes hereof, subject to such regulations as KRS 177.390 to 177.570 and <br>such proceedings or trust agreement may provide. History: Created 1950 Ky. Acts ch. 157, sec. 11.