State Codes and Statutes

Statutes > Kentucky > 177-00 > 560

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177.560 Preliminary expenses of turnpike project. The department is hereby authorized in its discretion to expend such moneys as may be <br>necessary for the study of any turnpike project or projects and to use its engineering and <br>other forces and employ consulting engineers and traffic engineers for the purpose of <br>effecting such study, and to pay for such additional engineering and traffic and other <br>expert studies as it may deem expedient. All such expenses incurred by the department <br>prior to the issuance of turnpike revenue bonds under the provisions of KRS 177.390 to <br>177.570 shall be paid by the department and charged to the appropriate turnpike project <br>or projects, and the department shall keep proper records and accounts showing each <br>amount so charged. Upon the sale of turnpike revenue bonds for any turnpike project or <br>projects, the funds so expended by the department in connection with such project or <br>projects may be reimbursed to the department from the proceeds of such bonds if <br>provision to that effect is made in the proceedings or trust agreement under which such <br>bonds are issued. Effective: March 26, 1960 <br>History: Amended 1960 Ky. Acts ch. 174, sec. 11, effective March 26, 1960. -- Created 1950 Ky. Acts ch. 157, sec. 18.

State Codes and Statutes

Statutes > Kentucky > 177-00 > 560

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177.560 Preliminary expenses of turnpike project. The department is hereby authorized in its discretion to expend such moneys as may be <br>necessary for the study of any turnpike project or projects and to use its engineering and <br>other forces and employ consulting engineers and traffic engineers for the purpose of <br>effecting such study, and to pay for such additional engineering and traffic and other <br>expert studies as it may deem expedient. All such expenses incurred by the department <br>prior to the issuance of turnpike revenue bonds under the provisions of KRS 177.390 to <br>177.570 shall be paid by the department and charged to the appropriate turnpike project <br>or projects, and the department shall keep proper records and accounts showing each <br>amount so charged. Upon the sale of turnpike revenue bonds for any turnpike project or <br>projects, the funds so expended by the department in connection with such project or <br>projects may be reimbursed to the department from the proceeds of such bonds if <br>provision to that effect is made in the proceedings or trust agreement under which such <br>bonds are issued. Effective: March 26, 1960 <br>History: Amended 1960 Ky. Acts ch. 174, sec. 11, effective March 26, 1960. -- Created 1950 Ky. Acts ch. 157, sec. 18.

State Codes and Statutes

State Codes and Statutes

Statutes > Kentucky > 177-00 > 560

Download pdf
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177.560 Preliminary expenses of turnpike project. The department is hereby authorized in its discretion to expend such moneys as may be <br>necessary for the study of any turnpike project or projects and to use its engineering and <br>other forces and employ consulting engineers and traffic engineers for the purpose of <br>effecting such study, and to pay for such additional engineering and traffic and other <br>expert studies as it may deem expedient. All such expenses incurred by the department <br>prior to the issuance of turnpike revenue bonds under the provisions of KRS 177.390 to <br>177.570 shall be paid by the department and charged to the appropriate turnpike project <br>or projects, and the department shall keep proper records and accounts showing each <br>amount so charged. Upon the sale of turnpike revenue bonds for any turnpike project or <br>projects, the funds so expended by the department in connection with such project or <br>projects may be reimbursed to the department from the proceeds of such bonds if <br>provision to that effect is made in the proceedings or trust agreement under which such <br>bonds are issued. Effective: March 26, 1960 <br>History: Amended 1960 Ky. Acts ch. 174, sec. 11, effective March 26, 1960. -- Created 1950 Ky. Acts ch. 157, sec. 18.