Kentucky Revised Statutes

Ky. Rev. Stat. § 162.260 (2026)

Refunding bonds may be issued

✓ current as of May 2026
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The city may issue refunding bonds to provide funds for the payment of any outstanding bonds, in accordance with the procedure prescribed for the issuance of the original bonds. The refunding bonds shall be secured to the same extent and shall have the same source of payment as the bonds which are refunded. Effective: July 13, 1990 History: Amended 1990 Ky. Acts ch. 476, sec. 256, effective July 13, 1990. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4421-15.

Notes of Decisions
Cited in 2 cases, 1943–1963 · leading case: Morgan v. Fayette Cnty. Bd. of Educ., 172 S.W.2d 64 (Ky. Ct. App. 1943).
Morgan v. Fayette Cnty. Bd. of Educ., 172 S.W.2d 64 (Ky. Ct. App. 1943). “KRS 162.260. The judgment so declares the powers and rights.”
Hemlepp v. Aronberg, 369 S.W.2d 121 (Ky. Ct. App. 1963). · cites it 2× “The refunding of bonds is authorized by KRS 162.260. This statute simply provides that such bonds be issued in accordance with the procedure prescribed for the issuance of the original bonds.”
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