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99.615 Definitions for KRS 99.610 to 99.680.
The following words or terms shall have the following meanings wherever used in
KRS 99.610 to 99.680 unless a different meaning is clearly indicated by the context:
(1) "Act" means KRS 99.610 to 99.680 which may be called the "Local
Development Authority Act";
(2) "Technical advisory council" means that committee appointed under the terms
of KRS 99.655;
(3) "Price advisory council" means that committee appointed under the terms of
KRS 99.680;
(4) "Agency" means a development authority established by this statute in and for
cities of the first class, cities with populations equal to or greater than fifteen
thousand (15,000) based upon the most recent federal decennial census, a
consolidated local government, and urban-county governments;
(5) "Bonds" means any bonds, notes, interim certificates, debentures, or other
obligations issued by an agency pursuant to the provisions and purposes of
KRS 99.610 to 99.680;
(6) "Project area" means any area or specific property designated by an agency or
any area or specific property actually acquired or formally proposed for
acquisition by an agency, for historical or open space preservation purposes,
or for the development permitted by KRS 99.610 to 99.680;
(7) "City" means any city of the first class, cities with populations equal to or
greater than fifteen thousand (15,000) based upon the most recent federal
decennial census, a consolidated local government, or an urban-county
government, in which an agency has been established;
(8) "Development" means the acquisition, planning, designing, clearance,
renovation, or rehabilitation of existing improvements, development, and
disposal, or any combination thereof, of a project area, including the
preparation of such project area for the development of residential,
commercial, industrial, public, recreational, open space, or other uses,
including the preservation of existing residential, commercial, industrial, public,
recreational, open spaces, or other uses valued locally for their economic or
historical importance as may be appropriate or necessary, in the opinion of the
board of commissioners of an agency;
(9) "Subdevelopment" means the actual construction, renovation, or rehabilitation
of improvements to real property including the installation of or improvement to
existing utilities, curbs, gutters, sidewalks, storm sewers, and other necessary
works and improvements, consistent with the established development plan for
each specific project area in order to market, through private enterprise, said
improvements to individuals, commercial business, and industry;
(10) "Development plan" means the plan for the development as defined, of all or
any part of a project area;
(11) "Mayor" means the mayor of a city as defined in this section;
(12) "Governing board" means a board of aldermen or commissioners, a legislative
council in a consolidated local government, an urban-county council, or any
legislative body of a city as defined in this section;
(13) "Project" means any undertaking within a project area and any such
undertaking which may be included in, and financed by, a single or separate
financing agreement or bond issue;
(14) "Persons and families of lower income" means persons and families who lack
the amount of income which is necessary (as determined by standards
established by the agency) to enable them, without financial assistance, to live
in decent, safe, and sanitary dwellings, without overcrowding; and
(15) "Residential housing project" means a specific work or improvement
undertaken primarily to provide or to rehabilitate dwelling accommodations for
persons and families of lower income, including the acquisition, construction,
and rehabilitation of land, buildings, and improvements and such other facilities
as may be incidental or appurtenant thereto.
Effective:January 1, 2015
History: Amended 2014 Ky. Acts ch. 92, sec. 188, effective January 1, 2015. -Amended 2002 Ky. Acts ch. 346, sec. 124, effective July 15, 2002. -- Created
1974 Ky. Acts ch. 131, sec. 2.
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