66.141 Manner of sale of bonds or notes. - Kentucky Statutes

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Page 1 of 1 66.141 Manner of sale of bonds or notes. Except for bonds which are also notes, bonds shall be sold by advertised competitive bid.
Notes may be sold by competitive bid or at private negotiated sale in a manner
determined or authorized by the issuer. Bonds may be sold at a price equal to a percent of
their principal amount, plus accrued interest, and at an interest rate or rates not exceeding
that determined by the issuer in accordance with the method of sale prescribed in this
chapter. Effective: July 15, 1996
History: Created 1996 Ky. Acts ch. 280, sec. 14, effective July 15, 1996.