OAG 80-571 is cited in the decision to illustrate a previous interpretation of KRS 58.430, where it was determined that this statute did not affect the maximum interest rate of six percent as stated in KRS 160.540 for school boards. This previous opinion is used to contrast with the current situation involving the Transit Authority of River City, where KRS 58.430 is deemed applicable due to different statutory provisions under KRS 96A.120, allowing for a broader range of financing options.
OAG 80-571 was Cited by OAG 83-152
Our AG treatments are described and categorized by large language models (AI) and are partially reviewed by Coalition directors. Learn more from our blog.
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.