99.615 Definitions for KRS 99.610 to 99.680. - Kentucky Statutes

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