45.812 Listing of costs relating to issuance of revenue bonds authorized by appropriation of school district. - Kentucky Statutes

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45.812 Listing of costs relating to issuance of revenue bonds authorized by appropriation of school district. (1) Prior to the issuance of the revenue bonds or notes authorized by an appropriation of the General Assembly, or by or on behalf of any Kentucky school district, the
agency, corporation, or school district authorized to issue the bonds or notes shall
furnish to the Capital Projects and Bond Oversight Committee and the Interim Joint
Committee on Appropriations and Revenue, and make available to the public, a
listing of all costs associated, either directly or indirectly, with the issuance of the
revenue bonds or notes. The costs shall be itemized as to amount and name of
payee, and shall include fees or commissions paid to, or anticipated to be paid to,
issuers, underwriters, placement agents and advisors, financial advisors,
remarketing agents, credit enhancers, trustees, accountants, and the counsel of all
these persons, bond counsel, and special tax counsel, and shall include the
economic benefits received or anticipated to be received by any other persons from
any source in return for services performed relating to the issuance of the bonds or
notes. Changes in amounts or names of payees or recipients, or additions of
amounts or names of payees or recipients, to the listing furnished and made
available pursuant to this subsection, shall be furnished to the Capital Projects and
Bond Oversight Committee and the Interim Joint Committee on Appropriations and
Revenue and made available to the public within three (3) days following the
change. (2) The costs required to be furnished under the provisions of subsection (1) of this section shall not include the payment of wages or expenses to full-time, permanent
employees of the Commonwealth of Kentucky. Effective: July 14, 1992
History: Created 1992 Ky. Acts ch. 295, sec. 1, effective July 14, 1992.