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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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