2014 Kentucky Revised Statutes
CHAPTER 91A - FINANCE AND REVENUE OF CITIES
91A.550 Definitions for KRS 91A.550 to 91A.580.
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<![CDATA[91A.550 Definitions for KRS 91A.550 to 91A.580.
As used in KRS 91A.550 to 91A.580, unless the context otherwise requires:
(1) "Board" means any appointed board of directors, or any existing governmental
agency designated pursuant to the ordinance establishing a management
district;
(2) "City" means a city of the home rule class;
(3) "Economic improvement" means any activity or service for the improvement
and promotion of a management district that is of special benefit to property
within the district, but shall not include any service ordinarily provided
throughout the city from general fund revenues unless an increased level of the
service is provided in the management district;
(4) "Fair basis" means assessed value basis, front foot basis, square foot basis, or
benefits received basis;
(5) "Legislative body" means the legislative body of any city of the home rule
class;
(6) "Management district" means an area designated by a legislative body
pursuant to KRS 91A.555 to 91A.580, that is to be benefited by economic
improvements and subjected to the payment of special assessments for the
costs of the economic improvements;
(7) "Property" means any real property benefited by economic improvements; and
(8) "Special assessment" means a special charge fixed on property to finance
economic improvements in whole or in part.
Effective:January 1, 2015
History: Amended 2014 Ky. Acts ch. 92, sec. 93, effective January 1, 2015. -Created 1990 Ky. Acts ch. 226, sec. 1, effective July 13, 1990.
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