80.140 Authority may acquire land and housing stock. - Kentucky Statutes

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80.140 Authority may acquire land and housing stock. (1) An authority may acquire by gift, devise, bequest, lease, grant, or purchase lands, structures, or interests in land necessary for the building of housing, upon terms,
prices, or considerations considered reasonable by the authority and agreed upon
between the authority and the owner. Title to all property acquired by the authority
shall be taken in the corporate name of the authority. (2) An authority may acquire by gift, devise, bequest, lease, grant, or purchase an interest in, by means of a partnership, joint venture, or other co-ownership
arrangement, low-income and moderate-income housing stock. Effective: July 15, 1996
History: Amended 1996 Ky. Acts ch. 237, sec. 6, effective July 15, 1996. -- Amended 1984 Ky. Acts ch. 226, sec. 4, effective July 13, 1984; and ch. 361, sec. 6, effective
July 13, 1984. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1,
1942, from Ky. Stat. sec. 927a-5, 927a-11, 2741x-5.