Kentucky Const. art. The Legislative Department, § 48

Kentucky Constitution

Article The Legislative Department, § 48 — Resources of Sinking Fund not to be diminished — Preservation of fund

Kentucky Const. art. The Legislative Department, § 48 (Resources of Sinking Fund not to be diminished — Preservation of fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

JurisdictionKentucky DocumentConstitution

ArticleThe Legislative Department

Section§ 48

CitationKentucky Const. art. The Legislative Department, § 48

Bluebook

Ky. Const. art. The Legislative Department, § 48.

Full Text

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.

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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.

History

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