(A) There is hereby established an issuance fee for all projects which the city finances through the issuance of revenue bonds under the provisions of KRS 103.200 through 103.285. This fee shall be in the amount of .2% of the total principal amount of the bonds or $1,000, whichever is greater. These fees shall be payable to the city at the time of issuance of the bonds and may be paid from the proceeds of the sale of the bonds. All such fees collected shall be deposited in the General Fund of the city and used for all purposes for which funds deposited therein may be used.
(B) The fee herein provided for shall not be charged for any bond issue for which the issuance fee provided for in § 38.01 is paid.
(Ord. O-7-84, passed 3-27-84)