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99.490 Exercise of agency powers by community or housing authority.
If the council within its discretion finds and determines that it would be more efficient
and in the public interest for the powers, functions, and duties of an agency to be
exercised by the community or the housing authority of the community, such
community or housing authority shall have all of the powers, functions, rights, duties
and privileges (subject to the limitations thereon) of an agency under KRS 99.330 to
99.510, and any powers of a public body (including a community) to assist an
agency, or a project thereof, may be exercised to assist such community or housing
authority or the project thereof. For such purposes, the term "agency," as used in
KRS 99.330 to 99.510, shall mean the housing authority or the city or county, as the
case may be, unless a different meaning clearly appears from the context. If a
community has, pursuant to this section, determined to exercise the powers,
functions, and duties of an agency, it may delegate any of them to a department or
departments of such community, or may create a special department to exercise the
powers and perform the functions and duties of an agency; provided that no such
department or departments shall have the power to issue the bonds or acquire title
to real property, this power being reserved to the community. Bonds issued by the
community or by the housing authority of the community for any purposes under
KRS 99.330 to 99.590 may be revenue bonds.
Effective:February 28, 1956
History: Amended 1956 Ky. Acts ch. 215, sec. 10, effective February 28, 1956. -Created 1950 Ky. Acts ch. 119, sec. 18.
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