Ky. Rev. Stat. » Chapter 183
Kentucky Revised Statutes

Ky. Rev. Stat. § 183.630 (2026)

Governmental unit may issue revenue bonds for airport purposes

✓ current as of May 2026
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For the purpose of defraying the cost of acquiring, constructing, maintaining, expanding, financing or improving any airport facilities or air navigation facilities, or any part thereof or interest therein, or contract for services therefrom the cabinet may, with the approval of the Governor, borrow money and issue negotiable bonds. A governmental unit may borrow money and issue negotiable bonds, for the same purposes, but only after an ordinance or resolution has been adopted by the legislative body specifying the proposed undertaking, the amount of bonds to be issued and the maximum rate of interest the bonds are to bear. The ordinance or resolution shall further provide that the revenue bonds are to be issued pursuant to the provisions of KRS 183.630 to 183.740. History: Amended 1968 Ky. Acts ch. 83, sec. 5. -- Amended 1964 Ky. Acts ch. 134, sec. 10. -- Amended 1960 Ky. Acts ch. 179, sec. 39. -- Created 1945 (1st Extra. Sess.) Ky. Acts ch. 3, sec. 2.

Notes of Decisions
Cited in 5 cases, 1945–2009 · leading case: Comair, Inc. v. Lexington-Fayette Urban Cnty. Airport Corp., 295 S.W.3d 91 (Ky. 2009).
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Comair, Inc. v. Lexington-Fayette Urban Cnty. Airport Corp., 295 S.W.3d 91 (Ky. 2009). “It is also important that the Board is “a legislative body for the purposes of KRS 183.630 to 183.740 [the statutes relating to the issuance of bonds].”
Gray v. Cent. Bank & Trust Co., 562 S.W.2d 656 (Ky. Ct. App. 1978). · cites it 2× “The board shall constitute a legislative body for the purposes of KRS 183.630 to 183.740. [Emphasis ours.] While KRS 183.”
Bernard v. Russell Cnty. Air Bd., 718 S.W.2d 123 (Ky. 1986). “The board shall constitute a legislative body for the purposes of KRS 183.630 to 183.740. (3) The members of an air board shall be appointed as follows: .”
Wadsworth Elec. Mfg. Co. v. Kenton Cnty. Airport Bd., Inc., 509 S.W.2d 270 (Ky. Ct. App. 1974). “740, which was originally adopted as Section 51 of Chapter 179 of the Acts of 1960 and was later amended, now reads in part as follows: “KRS 183.630 to 183.730 shall constitute a method for the acquisition, construction, maintenance, expansion, financing or improvement of air…”
Droege v. Kenton Cnty. Fiscal Court, 188 S.W.2d 320 (Ky. Ct. App. 1945). “1945, Sections 183.630 — 183.740. *187 Appellants’ contentions were: That the bonds could not be legally issued until first approved by the Finance Officer as provided in KRS 66.”
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