58.420 Public policy as to bond interest rates. - Kentucky Statutes

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History: Repealed and reenacted 1990 Ky.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