The Lexington-Fayette County Urban Government is likely to soon approve a $41 million revenue bond issue to help fund construction of a library for the University of Kentucky, according to the government's top finance official.

"I do not see a problem with approval [of the borrowing], which will be contingent on none of our revenues being pledged to the bond issue," said finance commissioner Donna A. Cantrell. "We are the conduit issuer."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.