Ky. Rev. Stat. § 66.210
Repealed, 1996
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Catchline at repeal: Bonds or obligations of county, city, or taxing district. History: Repealed 1996 Ky. Acts ch. 280, sec. 30, effective July 15, 1996. -- Amended 1994 Ky. Acts ch. 244, sec. 1, effective Aprl 5, 1994. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 296, effective July 13, 1990. -- Amended 1976 (1st Extra. Sess.) Ky. Acts ch. 14, sec. 45, effective January 2, 1978. -- Amended 1962 Ky. Acts ch. 25, sec. 1. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 186c-6, 983q-4.
Notes of Decisions
Cited in 12
cases, 1942–1966 · leading case: Miller v. City of Louisville
Miller v. City of Louisville (1959)
“The bonds have not been issued pending approval of the courts, KRS 66.210. The value of the taxable property in the City, estimated by the assessment made as of January 1, 1957, and the estimated assessment of January 1, 1958, was about $720,000,000.”
Burke v. City of Louisville (1955)
“This declaration of rights was sought pursuant to KRS 66.210, which prohibits the issuance of public bonds without the approval of a court declaring that the bonds are based on a valid indebtedness and are within the constitutional limitation governing the creation of the…”
Lincoln National Bank, Inc. v. County Debt Commission (1943)
“When applicable this statute provides a method of procuring a judicial review of the validity of a proposed bond issue alternative to that provided by KRS 66.210 which was originally an act of 1932.”
Monroe County v. County Debt Commission (1952)
“The county insists this declaratory judgment approved the bonds as provided in KRS 66.210 and as no appeal was prosecuted therefrom it is res adjudicata and binding upon the'county, the Commission and the Franklin Circuit Court in this action.”
Bell v. Board of Education (1961)
“01), for the purpose of testing the validity and obtaining approval (KRS 66.210, 66.220) of a proposed bond issue of $141,-000 to fund a debt covered by several notes due a local bank which were authorized by KRS 160.”
Swinburne v. City of Newport (1944)
“” KRS 66.210, 66.220. So long as the officials of a municipality or other taxing district do not levy the maximum tax authorized by the constitution and statutes and do not exhaust other reasonable and lawful sources of current revenue, or reduce expenditures to conform to…”
Rivers v. City of Owensboro (1956)
“ky Constitution for any indebtedness exceeding the City’s income and revenue for the year in question; (2) do the-proposed bonds constitute an indebtedness; of the City and thus become subject to the municipal debt limitations of Sections 157' and 158 of the Kentucky…”
Raque v. City of Louisville (1966)
“KRS 66.210; KRS 418.040. The Attorney General of the Commonwealth intervened, KRS 418.”
Stith v. Board of Education, Etc. (1943)
“’ ’ It would appear from the foregoing quotation from the record that the Board is attempting to do indirectly what we said it could not do directly; namely, refinance a part of the indebtedness incurred by it in advancing money to the Corporation for the reconstruction of the…”
Stith v. Bd. of Ed. of Pendleton Co. School Dist. (1942)
“The issue made by the pleadings is, does the county board of education have the constitutional right to issue the $53,000 funding bonds, there being no specific statute on the subject of funding floating indebtedness of political subdivisions or tax districts except only as…”
Droege v. Kenton County Fiscal Court (1945)
“*187 Appellants’ contentions were: That the bonds could not be legally issued until first approved by the Finance Officer as provided in KRS 66.210, which in part provides in substance that any bond sold, assigned or transferred without requisite approval shall be void.”
Rowland v. City of Winchester (1948)
“Section 66.210, KRS, provides for the approval of such a bond issue by a court of competent jurisdiction, upon a declaration that the bonds are based upon and cover a constitutionally valid indebtedness.”
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