State Codes and Statutes

State Codes and Statutes

Statutes > Kentucky > 099-00 > 595

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99.595 Definitions for KRS 99.595 to 99.605 and 132.452. (1) &quot;Administering agency&quot; means the agency delegated responsibility by the legislative body to implement the provisions of KRS 99.595 to 99.605 and 132.452. (2) &quot;Commercial facility&quot; means any structure the primary purpose and use of which is the operation of a commercial business enterprise and which is twenty-five (25) <br>years old or older. (3) &quot;Existing residential building&quot; means a residential building which has been in existence for at least twenty-five (25) years and use of which is to provide <br>independent living facilities for one (1) or more persons. (4) &quot;Legislative body&quot; means the board of aldermen in a city of the first class operating under KRS Chapter 83, the city council in a city operating pursuant to KRS <br>83A.130, the city commission in a city operating pursuant to KRS 83A.140, the <br>board of commissioners in a city operating pursuant to KRS 83A.150, the fiscal <br>court in a county, the legislative council in a consolidated local government <br>operating pursuant to KRS Chapter 67C, and the legislative body in an urban-<br>county government operating pursuant to KRS Chapter 67A. (5) &quot;Local government&quot; means a county, municipal, consolidated local government, or urban-county government. (6) &quot;Rehabilitation&quot; means the process of returning an existing structure to a state of utility through repair or alteration which makes possible an efficient contemporary <br>use. (7) &quot;Repair&quot; means the reconstruction or renewal of any part of an existing structure for the purpose of maintenance. (8) &quot;Restoration&quot; means the process of accurately recovering the form and details of a structure and its setting as it appeared at a particular period of time by removal of <br>later work or by the replacement of missing earlier work. (9) &quot;Stabilization&quot; means the process of applying measures designed to reestablish a weather-resistant enclosure and the structural stability of an unsafe or deteriorated <br>property while maintaining the essential form as it exists. (10) &quot;Assessment or reassessment moratorium&quot; means the act of deferring the value of the improvements from the taxable assessment of qualifying units of real property <br>for a maximum period of five (5) years. Effective: July 15, 2002 <br>History: Amended 2002 Ky. Acts ch. 346, sec. 123, effective July 15, 2002. -- Created 1982 Ky. Acts ch. 327, sec. 1, effective July 15, 1982.