State Codes and Statutes

State Codes and Statutes

Statutes > Kentucky > 154-50 > 316

Download pdf
Loading PDF...


154.50-316 Establishment of local industrial development authority. (1) Any governmental unit by act of its legislative body may establish a nonprofit industrial development authority to be composed of not less than six (6) and not <br>more than eight (8) members. (2) The authority shall be a body politic and corporate with the usual corporate attributes and in its corporate name may sue and be sued, contract and be contracted <br>with, and do all things reasonable or necessary to effectively carry out the duties <br>prescribed by KRS 154.50-301 to 154.50-346. Effective: July 15, 2002 <br>History: Amended 2002 Ky. Acts ch. 104, sec. 1, effective July 15, 2002. -- Created 1970 Ky. Acts ch. 114, sec. 4. Formerly codified as KRS 152.830