65.7715 Estimate of revenues available for securing notes. - Kentucky Statutes

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65.7715 Estimate of revenues available for securing notes. Prior to each authorization of notes, authorized officers of the governmental agency shall
make an estimate of the taxes or revenues, or both, whichever is to secure the payment of
the notes, which are estimated to be received during the period when the notes will be
outstanding. The estimate shall take due account of the past and anticipated collection
experience of the governmental agency and of current economic conditions. The estimate
shall be certified by the officer as of a date not more than thirty (30) days prior to the
effective date of the legislation authorizing the notes. Effective: July 13, 1990
History: Created 1990 Ky. Acts ch. 76, sec. 8, effective July 13, 1990.