State Codes and Statutes

Statutes > Kentucky > 177-00 > 580

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177.580 State debt contracted -- Legislative intent for KRS 177.580 to 177.630 -- Approval of people. Subject to the provisions of Sections 49 and 50 of the Constitution of Kentucky, there is <br>hereby contracted on behalf of the Commonwealth a debt in the amount of one hundred <br>million dollars (&#36;100,000,000). It is hereby declared to be the intent of the General <br>Assembly in enacting KRS 177.580 to 177.630 and contracting the aforesaid debt on <br>behalf of the Commonwealth to provide a method whereby the Commonwealth of <br>Kentucky can issue bonds directly obligating the Commonwealth in an amount of one <br>hundred million dollars (&#36;100,000,000) for the purpose of providing funds to match <br>federal funds allocated to Kentucky for the construction and reconstruction of highways, <br>tunnels and bridges within the Commonwealth of Kentucky, subject to the approval of the <br>people of the Commonwealth of Kentucky as provided in section 50 of the Constitution <br>of Kentucky; such approval or disapproval to be expressed at the general election to be <br>held on November 6, 1956. Effective: June 26, 1956 <br>History: Created 1956 (2nd Extra Sess.) Ky. Acts ch. 3, sec. 1, effective June 26, 1956.

State Codes and Statutes

Statutes > Kentucky > 177-00 > 580

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177.580 State debt contracted -- Legislative intent for KRS 177.580 to 177.630 -- Approval of people. Subject to the provisions of Sections 49 and 50 of the Constitution of Kentucky, there is <br>hereby contracted on behalf of the Commonwealth a debt in the amount of one hundred <br>million dollars (&#36;100,000,000). It is hereby declared to be the intent of the General <br>Assembly in enacting KRS 177.580 to 177.630 and contracting the aforesaid debt on <br>behalf of the Commonwealth to provide a method whereby the Commonwealth of <br>Kentucky can issue bonds directly obligating the Commonwealth in an amount of one <br>hundred million dollars (&#36;100,000,000) for the purpose of providing funds to match <br>federal funds allocated to Kentucky for the construction and reconstruction of highways, <br>tunnels and bridges within the Commonwealth of Kentucky, subject to the approval of the <br>people of the Commonwealth of Kentucky as provided in section 50 of the Constitution <br>of Kentucky; such approval or disapproval to be expressed at the general election to be <br>held on November 6, 1956. Effective: June 26, 1956 <br>History: Created 1956 (2nd Extra Sess.) Ky. Acts ch. 3, sec. 1, effective June 26, 1956.

State Codes and Statutes

State Codes and Statutes

Statutes > Kentucky > 177-00 > 580

Download pdf
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177.580 State debt contracted -- Legislative intent for KRS 177.580 to 177.630 -- Approval of people. Subject to the provisions of Sections 49 and 50 of the Constitution of Kentucky, there is <br>hereby contracted on behalf of the Commonwealth a debt in the amount of one hundred <br>million dollars (&#36;100,000,000). It is hereby declared to be the intent of the General <br>Assembly in enacting KRS 177.580 to 177.630 and contracting the aforesaid debt on <br>behalf of the Commonwealth to provide a method whereby the Commonwealth of <br>Kentucky can issue bonds directly obligating the Commonwealth in an amount of one <br>hundred million dollars (&#36;100,000,000) for the purpose of providing funds to match <br>federal funds allocated to Kentucky for the construction and reconstruction of highways, <br>tunnels and bridges within the Commonwealth of Kentucky, subject to the approval of the <br>people of the Commonwealth of Kentucky as provided in section 50 of the Constitution <br>of Kentucky; such approval or disapproval to be expressed at the general election to be <br>held on November 6, 1956. Effective: June 26, 1956 <br>History: Created 1956 (2nd Extra Sess.) Ky. Acts ch. 3, sec. 1, effective June 26, 1956.