All money received from the sale of the bonds shall be applied solely for:

1. (1) The acquisition of the industrial building and:

   1. (a) Any utilities;
   2. (b) Pollution control structures or equipment;
   3. (c) Equipment or technologies employed to increase the energy efficiency of manufacturing facilities; or
   4. (d) Other equipment requisite to the use of these assets;
2. (2) The acquisition of pollution control facilities and the structures or equipment requisite to the use thereof;
3. (3) The necessary expense of preparing, printing, and selling said bonds;
4. (4) The refunding of any issued and outstanding bonds whether matured or otherwise;
5. (5) Providing a debt service reserve fund or any other reserve funds, if necessary;
6. (6) To advance the payment of interest on the bonds during any portion of the first three (3) years following the date of the bonds; or
7. (7) To pay working capital expenditures.

Effective: April 9, 2024

History: Amended 2024 Ky. Acts ch. 128, sec. 1, effective April 9, 2024. -- Amended 2014 Ky. Acts ch. 131, sec. 5, effective July 15, 2014. -- Amended 1984 Ky. Acts ch. 122, sec. 5, effective July 13, 1984. -- Amended 1970 Ky. Acts ch. 64, sec. 5. -- Amended 1966 Ky. Acts ch. 119, sec. 2(1). -- Created 1946 Ky. Acts ch. 58, sec. 5.