Entity producing or financing arts and receiving $25,000 or less from state or local governmental units -- Exemption from open meetings and open records requirements

or local governmental units -- Exemption from open meetings and open records requirements. An entity involved in producing or financing arts on a local or statewide basis, since the inception of fiscal year 2004-2005, which received a total of twenty-five thousand dollars ($25,000) or less as a result of appropriations or grants from state or local governmental units, shall be exempt from the requirements of: (1) KRS 61.805 to 61.850; and (2) KRS 61.870 to 61.884.