Title IX, Counties, Cities, and Other Local Units

Effect of compact. (1) Members of the authority shall serve without compensation but shall be reimbursed for any actual and necessary expenses incurred by them in the conduct of the affairs of the authority. The authority shall, upon the appointment of its members, organize and e…

authority. In order to provide money for the costs of administration, operation, maintenance, and development and for the purchase, lease, option, or holding of property, or rights therein, necessary or proper for the purposes contemplated in KRS 65.510 to 65.650, the legislative…

The authority may borrow money from any source on its own credit in anticipation of revenue to be derived from taxes, appropriations or other income, and for such purposes the authority may pledge the taxes, appropriations or income anticipated. The authority may pledge its asset…

The authority is authorized to defray the cost of acquiring any real or personal property for the purposes contemplated in KRS 65.510 to 65.650 through the issuance of revenue bonds, and for that purpose the authority shall have all the powers and duties that are granted to or im…

(1) The authority may contract with any person or governmental agency for the use of the riverport and riverport facilities. Such contract shall not prevent, restrict or hamper the general use of the riverport by the public. (2) All unpledged or surplus revenue derived from the u…

The title to all property acquired by the authority shall vest in the authority and all such property shall be exempt from taxation to the same extent as other property used for public purposes. All revenue of the authority shall also be exempt from taxation.

purpose. The exercise of any power granted to a riverport authority in KRS 65.510 to 65.650 is hereby declared to be a public function, exercised for a public purpose, and as a matter of public necessity, and any real or personal property, or rights therein, acquired by a riverpo…

improvements. Any riverport authority created pursuant to KRS 65.510 to 65.650 may indemnify the United States against any claims for damages, and any damage, that may result by overflow of the river from its being improved by the United States.

(1) Any riverport authority created pursuant to KRS 65.510 to 65.650 may make commitments to the United States to provide certain specific minimum facilities and to provide spoilage areas when such commitments are necessary to obtain the assistance of the United States in improvi…

existing fire, ambulance, and rescue squad boards -- Boundaries -- Taxing powers -- Dissolution or alteration of boundaries. (1) A fiscal court in a county with a county-wide fire protection district formed under KRS Chapter 75 that has entered into an interlocal agreement to pro…

Any emergency services board established pursuant to KRS 65.660 to 65.679 shall comply with the provisions of KRS 65A.010 to 65A.090.

existing fire, ambulance, and rescue squad boards -- Boundaries -- Taxing powers -- Dissolution or alteration of boundaries. (1) Two (2) or more fiscal courts of which one (1) county shall have a county-wide fire protection district formed under KRS Chapter 75 that has entered in…

The emergency services board shall be a corporate public body and a political subdivision of the Commonwealth. It may prosecute and defend suits, hire necessary employees, and perform all acts necessary to carry on the work of providing fire fighting, emergency ambulance, and res…

appointments -- Terms of board members -- Residency requirement -- Removal. (1) The affairs of the emergency services board composed of one (1) county shall be controlled and managed by a board of directors appointed by the county judge/executive with the approval of the fiscal c…

appointments -- Terms of board members -- Residency requirement -- Removal -- Vacancies. (1) The affairs of the emergency services board composed of more than one (1) county shall be controlled and managed by a board of directors consisting of no more than eleven (11) members, wi…

(1) (a) In order to ensure the delivery of adequate services to the community or communities, the emergency services board may levy an ad valorem tax not to exceed ten cents ($0.10) per one hundred dollars ($100) of the assessed valuation of all property in the district. The emer…

The emergency services board may contract with private and public entities to provide fire, ambulance, and emergency squad services.

Dedicated county ad valorem tax -- Exception to tax levy recall provisions. (1) Once an emergency services board assumes control over fire, ambulance, or emergency squad districts, a fiscal court, or fiscal courts through an interlocal agreement, may opt to provide fire, ambulanc…

emergency squad districts -- Aggregate tax limits. In counties where ambulance districts created under the provisions of KRS 108.080 to 108.180; fire protection districts created under the provisions of KRS 75.010 to 75.260; or local rescue squad districts created under the provi…

ambulance, and emergency squad districts -- Other provisions not affected. If a fiscal court chooses to create an emergency services board, the provisions of KRS 65.660 to 65.679 shall supersede the structure of the boards of directors and the taxing privileges under KRS 108.080 …

As used in KRS 65.680 to 65.699: (1) "Activation date" means the date established in the grant contract at any time in a two (2) year period after the date of approval of the grant contract by the economic development authority or the tourism development authority, as appropriate…

The General Assembly finds and declares that economic development created by the development of projects to support economic revitalization and improvement in a development area which results in the increase in the value of property located in a development area or results in inc…

65.686 by a city or county before March 23, 2007. Effective on March 23, 2007, the provisions of KRS 65.680 to 65.699 shall apply only to development areas which are: (1) Established under KRS 65.686 by a city or county prior to March 23, 2007; and (2) Subject to the provisions o…

For any development area for which increments do not include revenues from the Commonwealth, in addition to any other powers conferred by law, any city or county may exercise any powers necessary or convenient to carry out the purposes of KRS 65.680 to 65.699, including the power…

Limitation on amount -- Tax credit for assessed employees -- Restriction on multiple assessments -- Termination -- Requirements to exercise option -- Transition provisions. For any development area for which increments do not include revenues from the Commonwealth: (1) Any govern…

total tax credits. For any development area for which increments do not include revenues from the Commonwealth: (1) If a company, against whose employees an assessment is levied under KRS 65.6851, enters into an agreement with the economic development authority under Subchapter 2…

For any development area for which increments do not include revenues from the Commonwealth: (1) The employees of any company choosing to locate in a development area shall be subject to any assessments levied against them, and the company shall not have the authority to reject a…

Termination. (1) Any city or county may establish or modify a development area by: (a) Holding a public hearing by its governing body or its designee at which interested parties are afforded a reasonable opportunity to express their views on the proposed creation or modification …

(1) The termination date for a development area may be extended beyond twenty (20) years as provided in this section. To qualify for an extension of the termination date, the development area shall meet the following conditions: (a) The initial development area shall have been es…

For any development area for which increments do not include revenues from the Commonwealth, while increment bonds are outstanding, the issuer shall maintain a special fund which shall be pledged for the retirement of those increment bonds. Officials charged with collecting reven…

Increment bonds shall be issued, administered, and regulated only by ordinance adopted by the governing body which, in addition to any other provisions deemed appropriate by the governing body, shall: (1) Declare the necessity of the increment bond issue; (2) State the principal …

(1) Increment bonds may be issued to pay the costs of projects in the development area. The provisions of KRS 66.021, 66.031, 66.041, 66.045, 66.071, 66.091, 66.121, 66.131, 66.141, 66.151, 66.171, 66.181, and 66.191 shall apply to the issuance of increment bonds insofar as they …

Any city or county may pledge increments to the payment of increment bonds by an ordinance adopted by the governing body or by a grant contract adopted by ordinance. Any pledge of increments adopted under this section shall, as to the increments, but not as to any other revenues,…

For any development area for which increments do not include revenues from the Commonwealth: (1) Upon establishment of a development area, any city or county may release, by a grant contract with any other city or county, increments expected to be collected by that city or county…

Approval -- Ordinance creating area -- Increment amounts -- Grant contracts - - Portion of increment due from each taxing district -- Financing account -- Reports -- Operating procedures -- Obligation of Department of Revenue and agency. (1) A city, county, or agency shall submit…

Requirements for project -- Independent consultant -- Approval by authority - - Ordinance -- Grant contracts -- Portion of increment due from each taxing district -- Financing account -- Reports -- Operating procedures -- Obligation of Department of Revenue and agency. (1) A city…

The authority granted by KRS 65.680 to 65.699 is in addition to and not a limitation on any other authorizations granted by or pursuant to law for the same or similar purposes.

KRS 65.680 to 65.699 may be cited as the Kentucky Increment Financing Act.

(1) The General Assembly finds and declares that the establishment of development areas, local development areas, and projects which result in increased property values, increased employment opportunities, and increased economic activity in communities within the Commonwealth ser…

The purposes of KRS 65.7041 to 65.7083 are as follows: (1) KRS 65.7047 provides authority for cities and counties to establish local development areas for the development of previously undeveloped land within their jurisdictional boundaries and to devote local resources to suppor…

increment financing. (1) Oversight and responsibility for the Commonwealth's participation in tax increment financing shall be transferred from the Tax Increment Financing Commission to the Kentucky Economic Development Finance Authority, established by KRS 154.20- 010, on July 1…

As used in KRS 65.7041 to 65.7083: (1) "Activation date" means the date established any time within a two (2) year period after the commencement date. The activation date is the date on which the time period for the pledge of incremental revenues shall commence. The governing bod…

establishment -- Steps for establishment or modification -- Funding -- Execution of agreement -- Pledge of revenues -- Reporting requirements -- Administrative regulations. (1) Any city or county may establish a local development area pursuant to this section, subject to the foll…

development, use, and reuse pursuant to this section and KRS 65.7051 and 65.7053 -- Conditions for establishment -- Findings required. Any city or county may establish a development area pursuant to this section, KRS 65.7051, and 65.7053 to encourage investment and reinvestment i…

hearing. (1) Any city or county seeking to establish a development area shall adopt a development plan. The development plan may be developed by a city, a county, or a city and county jointly, or may be proposed by an agency or by a private entity. The plan shall include the foll…

oversee and administer implementation of ordinance -- Termination date. (1) An ordinance establishing a development area shall include the following provisions: (a) A legal description of the boundaries of the development area, and geographic reference points; (b) The establishme…