OAG 84-257 is cited in the decision to support the conclusion that bonds issued under KRS Chapter 103 may bear interest at a variable rate, adjustable according to agreed formulas. This citation is used to affirm the permissibility of variable rate bonds under Kentucky law, specifically under KRS Chapter 103, and to demonstrate that the amendment of KRS 103.220(2) in 1984 ratified the validity of all previous variable rate bonds issued by cities and counties.
OAG 84-257 was Followed by OAG 85-103
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Disclaimer:
The Sunshine Law Library is not exhaustive and may contain errors from source documents or the import process. Nothing on this website should be taken as legal advice. It is always best to consult with primary sources and appropriate counsel before taking any action.
The Sunshine Law Library is not exhaustive and may contain errors from source documents or the import process. Nothing on this website should be taken as legal advice. It is always best to consult with primary sources and appropriate counsel before taking any action.