107.470 Power to borrow money -- Pledge of taxes or anticipated income. - Kentucky Statutes

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107.470 Power to borrow money -- Pledge of taxes or anticipated income. The district may borrow money from any source on its own credit in anticipation of
revenue to be derived from taxes or other income, and for such purposes the district may
pledge the taxes or other income anticipated, subject to constitutional limitations. The
district may enter into contracts with governmental units for the initiation of projects
deemed to benefit such units, or which will be leased to such units, and such units may
appropriate or advance funds to the district for its expenses, including general expenses of
operation related thereto. History: Created 1970 Ky. Acts ch. 155, sec. 15.