Kentucky Revised Statutes

Ky. Rev. Stat. § 162.100 (2026)

Limitation on amount of bond issue -- Effect of bonds issued under former

✓ current as of May 2026

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laws. (1) The bond issue of any district shall not exceed the limits provided in the Constitution, such limitation to be estimated upon the assessment next before the last assessment previous to the incurring of the indebtedness. (2) All of the bonds voted by the various types of school districts and subdistricts prior to June 14, 1934, shall be retired and the interest paid thereon in accordance with the laws under which they were voted, and nothing in KRS 162.080 to 162.100 shall in any way impair any of such bond obligations or the interest thereon. Effective: July 13, 1990 History: Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 555, effective July 13, 1990. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4399-47.

Notes of Decisions

Cited in 1 case, 1979–1979 · leading case: Hacker Brors. Constr. Co. v. Bd. of Educ., 590 S.W.2d 897 (Ky. Ct. App. 1979).

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Hacker Brors. Constr. Co. v. Bd. of Educ., 590 S.W.2d 897 (Ky. Ct. App. 1979). “060 to KRS 162.100, inclusive, set forth the steps the Board must follow to incur the indebtedness itself by securing approval of the voters, as required by Section 157 of the Constitution.”

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