Kentucky Constitution
Section 188

Refund of Federal direct tax part of school fund -- Irredeemable bond.


So much of any moneys as may be received by the Commonwealth from the United States under the recent act of Congress refunding the direct tax shall become a part of the school fund, and be held as provided in Section 184; but the General Assembly may authorize the use, by the Commonwealth, of moneys so received or any part thereof, in which event a bond shall be executed to the Board of Education for the amount so used, which bond shall be held on the same terms and conditions, and subject to the provisions of Section 184, concerning the bond therein referred to.

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

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