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(A) Upon the issuance of Industrial Building Revenue Bonds by the city pursuant to KRS Chapter 103, there shall be paid to the city from the proceeds thereof a fee of $1,000 or .1% of the amount of the bonds issued, whichever is greater.
(B) All such fees paid to the city shall be deposited in the General Fund of the city and used for the general operating expenses of the city.
(Ord. 1984-5, passed 2-6-84)
Use of proceeds of bonds, see KRS 103.240