ATLANTA -- The Kentucky Housing Corp.'s sale last week of a $74 million mortgage revenue bond issue over the objections of the state legislature's debt oversight panel could put the issuer on a collision course with state lawmakers, a legislator said yesterday.

"You can be sure that we will closely review the housing authority in the next regular session," said Sen. Tim Shaughnessy, D-Jefferson, a member of the debt panel, the General Assembly's Capital Projects and Bond Oversight Committee

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.