§48 | RESOURCES OF SINKING FUND NOT TO BE DIMINISHED – PRESERVATION OF FUND

The General Assembly shall have no power to enact laws to diminish the resources of the Sinking Fund as now established by law until the debt of the Commonwealth be paid, but may enact laws to increase them; and the whole resources of said fund, from year to year, shall be sacredly set apart and applied to the payment of the interest and principal of the State debt, and to no other use or purpose, until the whole debt of the State is fully satisfied.

Congratulations! You're now booked up on Section 48 of the Kentucky Constitution!

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Nevertheless – and as always – please get the justice you deserve.

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§48 | RESOURCES OF SINKING FUND NOT TO BE DIMINISHED – PRESERVATION OF FUND

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Text as Ratified on:	Aug. 3, 1891, and revised Sept. 28, 1891.
History:	Not yet amended.

§48 | RESOURCES OF SINKING FUND NOT TO BE DIMINISHED – PRESERVATION OF FUND

Pages That YouMight Also Like

add a comment

thank you, come again!TBD 1.037

Submit a Quiz Question

That Will Test Another User's Page-Specific Knowledge

Pages That You
Might Also Like

thank you, come again!
TBD 1.037