<br><br>76.272 Bonds of several construction subdistricts -- Purposes, effect. <br>(1) The district may issue for one or more construction subdistricts bonds to finance <br>construction of trunk, main, connecting sewers and any other facilities necessary to <br>which, directly or indirectly, connect one or more of such construction subdistricts <br>to either the district facilities or to a treatment plant, disposal plant, or outfall sewer <br>which also serves, directly or indirectly, at least one (1) other construction <br>subdistrict. Such bonds may also be used to finance construction of a treatment <br>plant, disposal plant, or outfall sewer of the type described in the preceding <br>sentence. <br>(2) Bonds issued pursuant to subsection (1) shall be construction subdistrict obligations <br>for all construction subdistricts for which they are issued. <br>(3) Except as provided in this section, bonds authorized by subsection (1) shall be <br>governed by KRS 76.254 and 76.261. Such bonds shall be construction subdistrict <br>bonds within the meaning of paragraph (a) of subsection (3) of KRS 76.262. They <br>shall not be considered construction subdistrict bonds within the meaning of <br>subsection (6) of KRS 76.262. <br>History: Created 1964 Ky. Acts ch. 33, sec. 26. <br><br>