issue revenue bonds.
A governmental agency acting separately or jointly with one (1) or more of any such
agency, may acquire, construct, maintain, add to, and improve any public project as
defined in KRS 58.010, which public project may be located within or without or partly
within and partly without the territorial limits of such governmental agency or agencies,
and for the purpose of defraying the cost thereof may borrow money and issue negotiable
revenue bonds. Before any department or agency of the state government shall borrow
money and issue bonds under KRS 58.010 to 58.140, the head of the department or
agency shall file with the Secretary of State a written order, approved by the Governor,
the Attorney General and the secretary of the Finance and Administration Cabinet, setting
forth the proposed public project, the amount of the bonds to be issued, and the maximum
rate of interest the bonds are to bear. Any governmental agency other than agencies of the
state government may borrow money and issue revenue bonds under KRS 58.010 to
58.140 pursuant to an order, resolution, or ordinance of its legislative or administrative
body, which order, resolution, or ordinance shall set forth the proposed public project, the
amount of the revenue bonds to be issued, and the maximum rate of interest. In every
instance the order, resolution, or ordinance shall provide that the public project is being
undertaken under the provisions of KRS 58.010 to 58.140.
History: Amended 1948 Ky. Acts ch. 226, sec. 1. -- Created 1946 Ky. Acts ch. 126,
sec. 2.
Notes of Decisions
Decker v. City of Somerset, 838 S.W.2d 417 (Ky. Ct. App. 1992).
· cites it 4× “Keep in mind that KRS 58.020 approves of joint ventures between and among government agencies.”
Chrisman v. Cumberland Coach Lines, 249 S.W.2d 782 (Ky. Ct. App. 1952).
· cites it 2× “KRS 58.020 provides in part: “A governmental agency acting separately or jointly with one or more of any such agency, may acquire, construct, maintain, add to and improve any public project as defined in KRS 58.”
City of Bowling Green v. Bd. of Educ., 443 S.W.2d 243 (Ky. Ct. App. 1969).
“No question is raised concerning the right of the Board to proceed solely under Chapter 58, but the language of the sections quoted, taken with the language of KRS 58.020, 58.030(3), and 58.040, would seem to indicate that such financing is permissible.”
Walker v. City of Maysville, 220 S.W.2d 96 (Ky. Ct. App. 1949).
· cites it 2× “Section 58.020 of that chapter provides that any governmental agency may construct, maintain, add to or improve any public project, that is, lands, *121 buildings, works or facilities intended for the promotion of public health and welfare, KES 58.”
Perkins v. City of Frankfort, 276 S.W.2d 449 (Ky. Ct. App. 1955).
· cites it 2× “s issued by the city or any agency thereof to finance the acquisition, construction, maintenance, improvement, addition to and operation of such ‘public project’, which ‘public project’ shall be located within the territory served by the board; the board is hereby vested with…”
City of Hazard v. Salyers, 224 S.W.2d 420 (Ky. Ct. App. 1949).
“KRS 58.020 lends aid to the ascertainment of the legislative .”
Fayette Cnty. Fiscal Court v. Fayette Cnty., 236 S.W.2d 455 (Ky. Ct. App. 1950).
“KRS 58.020 provides : “A governmental agency acting separately or jointly with one or more of any such agency, may acquire, construct, maintain, add to and improve any public project as defined in KRS 58.”
Williams v. City of Barbourville, 246 S.W.2d 591 (Ky. Ct. App. 1952).
“The existing water and electric system serves customers within and without the city limits and the proposed unified system will furnish water, electric and sewer service to customers within and without the city limits.”
Baker v. City of Richmond, 709 S.W.2d 472 (Ky. Ct. App. 1986).
· cites it 2× “The appellant refers to a Legislative Research Commission compilation of all statutory authority for revenue bonds, noting that each contains an explicit grant of condemnation power but that KRS 58.020 has no such power. Appellees point out that the greater part of revenue bonds…”
Wadsworth Elec. Mfg. Co. v. Kenton Cnty. Airport Bd., Inc., 509 S.W.2d 270 (Ky. Ct. App. 1974).
“010, which public project may be located within or without or partly within and partly without the territorial limits of such governmental agency or agencies, * * KRS 58.020. By KRS 58.140, a governmental agency is given the power of condemnation.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.