40.190 Issuance of bonds by State Property and Buildings Commission. - Kentucky Statutes

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40.190 Issuance of bonds by State Property and Buildings Commission. For the purpose of providing funds for payment of the veterans' bonus authorized by this
chapter, the State Property and Buildings Commission shall from time to time as funds
are anticipated to be required, provide by resolution for the issuance and sale of general
obligation bonds of the Commonwealth, for payment of which, both principal and interest
when due, the full faith, credit, resources and unlimited taxing power of the
Commonwealth shall irrevocably be pledged, together with, additionally, a specific
pledge of and first charge upon the proceeds of the retail sales tax required to be levied by
the provisions of KRS 40.005, referred to in KRS 40.020. Effective: February 20, 1960
History: Created 1960 Ky. Acts ch. 15, sec. 22, effective February 20, 1960.