State Codes and Statutes

State Codes and Statutes

Statutes > Kentucky > 099-00 > 400

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99.400 Grant of funds by community -- Funds obtained by levy of taxes or issuance of bonds. Any community located in whole or in part within the area of operation of an agency may <br>grant funds to an agency for the purpose of aiding such agency in carrying out any of its <br>powers and functions under KRS 99.330 to 99.510. To obtain funds for this purpose, the <br>community may levy taxes or may issue and sell its general obligation or revenue bonds. <br>Any bonds to be issued by the community pursuant to the provisions of this section shall <br>be issued in the manner and within the limitations, except as otherwise provided in KRS <br>99.330 to 99.510, prescribed by the laws of this Commonwealth for the issuance and <br>authorization of such bonds for public purposes generally. Effective: March 25, 1950 <br>History: Created 1950 Ky. Acts ch. 119, sec. 9.