164.860 Revenue bonds. - Kentucky Statutes

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164.860 Revenue bonds. The board of trustees of the University of Louisville may issue revenue bonds of the
university for the erection of buildings and appurtenances to be used in connection with
the university for educational purposes, and otherwise as provided in KRS 162.340 to
162.380, and subject to the provisions of KRS Chapter 56, provided, said board of
trustees may in its discretion issue such revenue bonds not only for the purposes and in
the manner set forth in KRS 162.340 to 162.380, but also for the purposes of refinancing
any mortgages, mortgage bonds, revenue bonds, notes, or other evidences of indebtedness
previously issued or incurred by the university in connection with the acquisition of lands
or the purchase, erection or other acquisition of buildings and appurtenant facilities for
educational purposes of the university. Provided, however, that this section shall not be
construed to authorize the issuance of revenue bonds of a face amount in excess of
$16,000,000 for the purpose of refinancing any mortgages, mortgage bonds, revenue
bonds, notes, or other evidences of indebtedness previously issued or incurred. History: Created 1970 Ky. Acts ch. 65, sec. 6.