Kentucky Revised Statutes · § 180.090 — Bonds may be paid out of tolls -- How tolls may be reduced
180.090. Bonds may be paid out of tolls -- How tolls may be reduced
The department may collect tolls and fix toll rates for a period of time sufficient to pay off the principal and interest on bonds issued under KRS 180.070. When the bonds mature, payment shall be made to the holders out of revenue derived from bridges or as provided in subsection (2) of KRS 180.130. The rate of tolls to be collected, if fixed in any bonds, shall not be reduced without the consent of the holders of the bonds.
Source notes
Effective: October 1, 1942
History and annotations
Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4356s-5, 4356s-6.
Source captured 2026-09-25. Open the official source.