State Codes and Statutes

State Codes and Statutes

Statutes > Kentucky > 099-00 > 615

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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 <br>99.610 to 99.680 unless a different meaning is clearly indicated by the context: <br>(1) &quot;Act&quot; means KRS 99.610 to 99.680 which may be called the &quot;Local Development Authority Act&quot;; (2) &quot;Technical advisory council&quot; means that committee appointed under the terms of KRS 99.655; (3) &quot;Price advisory council&quot; means that committee appointed under the terms of KRS 99.680; (4) &quot;Agency&quot; means a development authority established by this statute in and for cities of the first and second class, a consolidated local government, and each county <br>governed under the statutes permitting the establishment of urban-county <br>governments; (5) &quot;Bonds&quot; means any bonds, notes, interim certificates, debentures, or other obligations issued by an agency pursuant to the provisions and purposes of KRS <br>99.610 to 99.680; (6) &quot;Project area&quot; means any area or specific property designated by an agency or any area or specific property actually acquired or formally proposed for acquisition by <br>an agency, for historical or open space preservation purposes, or for the <br>development permitted by KRS 99.610 to 99.680; (7) &quot;City&quot; means any city of the first or second class, a consolidated local government, or a county governed under the urban-county government statutes, in which an <br>agency has been established; (8) &quot;Development&quot; means the acquisition, planning, designing, clearance, renovation, or rehabilitation of existing improvements, development, and disposal, or any <br>combination thereof, of a project area, including the preparation of such project area <br>for the development of residential, commercial, industrial, public, recreational, open <br>space, or other uses, including the preservation of existing residential, commercial, <br>industrial, public, recreational, open spaces, or other uses valued locally for their <br>economic or historical importance as may be appropriate or necessary, in the <br>opinion of the board of commissioners of an agency; (9) &quot;Subdevelopment&quot; means the actual construction, renovation, or rehabilitation of improvements to real property including the installation of or improvement to <br>existing utilities, curbs, gutters, sidewalks, storm sewers, and other necessary works <br>and improvements, consistent with the established development plan for each <br>specific project area in order to market, through private enterprise, said <br>improvements to individuals, commercial business, and industry; (10) &quot;Development plan&quot; means the plan for the development as defined, of all or any part of a project area; (11) &quot;Mayor&quot; means the mayor of a first or second class city, of a consolidated local government, or of an urban-county government as established by law; (12) &quot;Governing board&quot; means a board of aldermen or commissioners, a legislative council in a consolidated local government, or a common or urban-county council <br>of a city as herein defined, as the case may be; (13) &quot;Project&quot; 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 <br>or bond issue; (14) &quot;Persons and families of lower income&quot; means persons and families who lack the amount of income which is necessary (as determined by standards established by <br>the agency) to enable them, without financial assistance, to live in decent, safe, and <br>sanitary dwellings, without overcrowding; and (15) &quot;Residential housing project&quot; means a specific work or improvement undertaken primarily to provide or to rehabilitate dwelling accommodations for persons and <br>families of lower income, including the acquisition, construction, and rehabilitation <br>of land, buildings, and improvements and such other facilities as may be incidental <br>or appurtenant thereto. Effective: July 15, 2002 <br>History: Amended 2002 Ky. Acts ch. 346, sec. 124, effective July 15, 2002. -- Created 1974 Ky. Acts ch. 131, sec. 2.