Ky. Rev. Stat. » Chapter 58

Ky. Rev. Stat. § 58.130

Use of general funds or revenues for public project

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Any governmental agency may use, for the purpose of acquiring, constructing, maintaining, extending or improving a public project, or for the payment of interest or principal on any revenue bonds issued by the agency pursuant to KRS 58.010 to 58.140, any funds or tax revenues available for general purposes of the agency and not required by law to be devoted to some other purpose. History: Created 1946 Ky. Acts ch. 126, sec. 13.

Notes of Decisions
Cited in 5 cases, 1950–1969 · leading case: City of Bowling Green v. Board of Education
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City of Bowling Green v. Board of Education (1969) kyctapphigh · cites it 2× “Such payments and pledge of revenue were authorized by KRS 58.130. As against this contention of the City, the Board replies that its proposed plan of financing explicitly excludes any reference to KRS 58.”
Turnpike Authority of Kentucky v. Wall (1960) kyctapp “In defending the provision of § 12(4) of the Act authorizing a covenant by the Department to make up any deficiency from funds or tax revenues available for its general purposes and not required by law to be devoted to some other purpose, appellant cites as comparable precedent…”
City of Henderson v. Todd (1958) kyctapphigh “58, KRS, dealing with many different “public projects,” contains a section which authorizes a “Governmental Agency” (defined as including the Commonwealth, any county or city or other political subdivision acting by or through any of their respective departments or agencies) to…”
Fayette County Fiscal Court v. Fayette County (1950) kyctapp · cites it 2× “KRS 58.130 provides: “Any govern-meptal agency may use, for the purpose of acquiring, constructing, maintaining, extending or improving a public, project, or for the payment of interest or principal on any revenue bonds issued by the agency pursuant to KRS 58.”
City of Corbin v. Johnson (1958) kyctapp “Moreover, the City would enter into a pledge that to fulfill all its obligations under the lease contract it would use, to the extent necessary, all surplus revenues it may have or would obtain from its municipally owned electric system not already required by contract or by law…”
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