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175.610 Transfer of turnpike to highway system after retirement of bonds.

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175.610 Transfer of turnpike to highway system after retirement of bonds. Except as hereinafter provided in this section, when all bonds issued under the provisions <br>of this chapter in connection with any turnpike project or projects and the interest thereon <br>shall have been paid or a sufficient amount for the payment of all such bonds and the <br>interest thereon to the maturity thereof shall have been set aside in trust for the benefit of <br>the bondholders, such project or projects, if then in good condition and repair, shall be <br>conveyed by the authority to the Commonwealth and shall become part of the state <br>highway system and shall thereafter be maintained by the department free of tolls; <br>provided, however, that the department may, in any proceedings or trust indenture <br>authorizing or securing bonds under the provisions of this chapter, provide for combining <br>for financing purposes any two (2) or more turnpike projects theretofore constructed or <br>thereafter to be constructed, and for the reimposition or continuance of tolls on each such <br>turnpike project until all such bonds and the interest thereon shall have been paid or a <br>sufficient amount for such purposes shall have been set aside in trust for the benefit of the <br>bondholders. Effective: March 25, 1960 <br>History: Created 1960 Ky. Acts ch. 173, sec. 21, effective March 25, 1960.