ATLANTA Kentucky's attorney general has ruled that legislative approval is not required for an unusual $41 million municipal bond issue planned by the Lexington-Fayette Urban County Government to help finance a new library at the University of Kentucky.

The ruling, released last week by Attorney General Chris Gorman, is important because it removes a potential roadblock to the planned borrowing, which would be the first sold by the county for the university. Earlier this year, the Kentucky General Assembly denied the university's request to fund the project through a state debt offering backed by direct legislative appropriations.

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