2011 Kentucky Revised Statutes CHAPTER 441 JAILS AND COUNTY PRISONERS 441.625 General powers of authority -- Authorization for revenue bonds and revenue bond anticipation notes.
KY Rev Stat § 441.625 (1996 through Reg Sess) What's This?
441.625 General powers of authority -- Authorization for revenue bonds and
revenue bond anticipation notes.
The authority may:
(1) Determine the number and location of regional jails and regional juvenile detention
centers, in order to prevent duplication of effort and unnecessary costs;
(2) Construct, reconstruct, improve, or repair any jail and appurtenant facilities in any
local government in this state, as may be determined by the authority and provided
for in an agreement or agreements;
(3) Acquire and convey real estate and any improvements and buildings and facilities
located thereon, for which a project is undertaken, and in the manner and under the
terms as may be provided by agreement;
(4) Issue revenue bonds, and revenue bond anticipation notes of the authority payable
solely from the revenues, rentals, and other funds pledged for their payment, for the
purpose of paying any part of the cost of any one (1) or more projects, and to refund
any of its bonds;
(5) Combine for financing purpose any two (2) or more projects;
(6) Lease as lessor any project to any local government as lessee, pursuant to the terms
and provisions of a lease;
(7) Employ consulting engineers, attorneys, accountants, construction and financial
experts, managers, and other employees and agents necessary in the judgment of the
authority, and to fix their compensation;
(8) Make and enter into the contracts and agreements with other parties necessary and
incidental to the performance of its duties and execution of its powers under KRS
441.625 to 441.695;
(9) Establish and enforce rules, regulations, and specifications in respect to any project
undertaken by the authority, except during any period when the powers are assigned
to a lessee pursuant to a lease agreement. The rules, regulations, and specifications
shall be consistent with state laws and regulations pertaining to jails;
(10) Receive, accept, and expend funds or other contributions from any source, both
public and private, for or in aid of any project undertaken by the authority;
(11) Create and establish a "debt service reserve" pursuant to proceedings and trust
indenture of the authority;
(12) Make matching fund grants not exceeding fifty thousand dollars (,000) to local
governments from funds determined by the authority to be available to it for the
purposes, upon the terms and according to the criteria the authority shall in its
discretion determine; and
(13) Do all things and perform all acts desirable, necessary, and proper to carry out and
implement the powers expressly granted to the authority by KRS 441.625 to KRS
441.695, including recommending the promulgation of administrative regulations
and enactment of legislation.
Effective: July 14, 1992
History: Amended 1992 Ky. Acts ch. 262, sec. 6, effective July 14, 1992. -- Amended
1984 Ky. Acts ch. 415, sec. 6, effective July 13, 1984. -- Created 1982 Ky. Acts
ch. 235, sec. 5, effective July 15, 1982.
2010-2012 Budget Reference. See State/Executive Branch Budget, 2010 (1st Extra.
Sess.) Ky. Acts ch. 1, Pt. I, H, 5, c, (2) at 45.
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