<br><br>58.420 Public policy as to bond interest rates. <br>It is hereby determined and declared to be the public policy of the Commonwealth that <br>interest rates payable by public bodies upon public obligations be such as to be <br>competitive with those rates which are permitted by other states, in order that necessary <br>public projects may be financed and may be undertaken in the interest of the public <br>health, safety, and general welfare. <br>Effective: July 13, 1990 <br>History: Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 292, effective July <br>13, 1990. -- Created 1970 Ky. Acts ch. 24, sec. 2. <br><br>