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."

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