State Codes and Statutes

State Codes and Statutes

Statutes > Kentucky > 099-00 > 490

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