58 chapters · 2,528 sections in this title.
KRS § 102.020 Articles of incorporation
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(1) The articles of incorporation shall be as follows: "We, the undersigned business and professional persons resident, or conducting a business, or having a branch office, in the city of _________, county of _________, Kentucky, adopt the following articles of incorporation: "Ar…
KRS § 102.030 Corporate powers
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The chamber of commerce may sue and be sued. The private property of members shall be exempt from corporate debts. It may have a seal, which it may alter at pleasure. It shall have power to take property by gift, purchase, devise or bequest, and to sell and convey it. It shall ha…
KRS § 102.040 No salaries to officers -- No dividends
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No salary shall be paid to any officer. No dividend shall be declared by the chamber of commerce.
KRS § 102.050 General secretary
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The board of directors may employ a general secretary, whose salary shall be fixed before his employment.
KRS § 102.070 Duties of treasurer
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The treasurer shall receive all funds belonging to the chamber of commerce, including all appropriations of the city governing body. He shall pay out the same on bills allowed by the board of directors, upon warrants certified by the president and secretary.
KRS § 102.080 Bonds and reports of secretary and treasurer
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(1) The treasurer and the secretary shall give bond, the amount to be fixed by the directors at not less than the sum likely to come into their hands. (2) The secretary and treasurer shall, at the close of each semiannual period, file with the board of directors an accurate detai…
KRS § 103.195 Issuance of revenue bonds for housing project outside jurisdictional boundaries
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boundaries. After July 12, 2006, no city, county, charter county, urban-county, consolidated local government, or special district shall issue revenue bonds as provided in this chapter for any housing project which is located outside the jurisdictional boundaries of the issuing e…
KRS § 103.200 Definitions for KRS 103.200 to 103.285
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As used in KRS 103.200 to 103.285: (1) "Building" or "industrial building" means any land and building or buildings, including office space related and subordinate to any of the facilities enumerated in this subsection, any facility or other improvement thereon, and all real and …
KRS § 103.210 Issuance of bonds
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(1) In order to promote the economic development of the Commonwealth, to relieve conditions of unemployment, to encourage the increase of industry in this state, and to aid in the retention of existing industry through improved energy efficiency in manufacturing facilities, or th…
KRS § 103.2101 State local debt officer -- Kentucky Private Activity Bond Allocation Committee -- Review and approval or disapproval of projects -- Statement of assurance -- Maximum length of bond authorization
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Committee -- Review and approval or disapproval of projects -- Statement of assurance -- Maximum length of bond authorization. (1) It shall be the duty of the state local debt officer to review only those projects authorized by KRS 103.200(1) (k), (l), (m), and (n), and only off-…
KRS § 103.215 Alternative procedure for issuance of bonds
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(1) As an alternative to the procedures set forth in KRS 103.200 to 103.285, inclusive, any city or county, for the purpose of financing the acquisition of an industrial building, may issue negotiable bonds pursuant to KRS 103.200 to 103.285 under one (1) of the following methods…
KRS § 103.220 Interest on bonds -- Terms -- Approval -- Marketing -- Refunding
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(1) The bonds may be issued to bear interest at any rate or rates, either fixed or variable, in accordance with such method as shall be set by the governing body of the issuer, payable either annually or at shorter intervals, may be of such terms and maturities, may bear such con…
KRS § 103.230 Bonds negotiable -- Disposal -- Private sale, when -- Payable only from revenue
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revenue. (1) Notwithstanding the form or tenor, and in the absence of an express recital on the face thereof that the bond is nonnegotiable, all bonds issued pursuant to KRS 103.200 to 103.285 shall at all times be and shall be treated as, and have all the qualities and incidents…
KRS § 103.240 Use of proceeds of bonds
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All money received from the sale of the bonds shall be applied solely for: (1) The acquisition of the industrial building and: (a) Any utilities; (b) Pollution control structures or equipment; (c) Equipment or technologies employed to increase the energy efficiency of manufacturi…
KRS § 103.245 Definition of "building" and "industrial building" -- Acquisition procedure
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procedure. (1) For purposes of the exercise of the power of eminent domain, "building" or "industrial building" shall be deemed to include only the following: coal conversion facilities, hospitals, primary medical centers, health care clinics, convention centers, or any industria…
KRS § 103.2451 Eminent domain power not conferred
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Nothing in KRS 103.200 or 103.210 confers nor shall be deemed to confer the power of eminent domain except as provided by KRS 103.245.
KRS § 103.246 Financing pollution control facilities for industrial concerns and utility companies by cities and counties
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companies by cities and counties. (1) (a) The term "pollution control facilities" means any land, building, structure, machinery, equipment, device, system or facility functionally related thereto designed for the control, containment, reduction, prevention or abatement of atmosp…
KRS § 103.250 Lien of bondholders on building -- Receiver on default
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(1) A statutory mortgage lien shall exist upon the industrial building so acquired in favor of the holders of the bonds and coupons. The industrial building so acquired shall remain subject to the statutory mortgage lien until the payment in full of the principal of the bonds, an…
KRS § 103.251 Mortgage deed of trust by issuer of bonds
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Notwithstanding the provisions of KRS 103.250, it may be provided in the proceedings authorizing bonds issued under the terms of KRS 103.200 to 103.285, inclusive, that the issuer, in connection with the issuance of its bonds, execute a mortgage deed of trust in favor of the trus…
KRS § 103.260 Application of revenue -- Charges for use
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(1) At or before the issuance of bonds the city legislative body or the fiscal court of the county, as the case may be, shall, by ordinance or resolution, set aside and pledge the income and revenue of the industrial building into a separate and special fund to be used and applie…
KRS § 103.270 Depreciation account
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(1) If a surplus is accumulated in the operating and maintenance funds equal to the cost of maintaining and operating the industrial building during the remainder of the calendar, operating or fiscal year, and during the succeeding like year, any excess over such amount may be tr…
KRS § 103.280 Additional bonds -- Issuance of new bonds by city or county to pay outstanding bonds, whether or not city or county was original issuer of bonds
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outstanding bonds, whether or not city or county was original issuer of bonds. (1) If the city legislative body, or the fiscal court of the county, as the case may be, finds that the bonds authorized will be insufficient to accomplish the purpose desired, additional bonds may be …
KRS § 103.282 Issuance of bonds to assist small or medium-sized manufacturers with energy efficiency projects through guaranteed energy savings contracts
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energy efficiency projects through guaranteed energy savings contracts. (1) As used in this section: (a) "Energy service company" means an entity in the business of providing evaluation, design, implementation, installation, measurement and verification, and other related service…
KRS § 103.285 Property acquired under KRS 103.200 to 103.280 exempt from taxation
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All properties, both real and personal, which a city or county may acquire to be rented or leased to an industrial concern according to KRS 103.200 to 103.280, shall be exempt from taxation to the same extent as other public property used for public purposes, as long as the prope…
KRS § 103.286 Kentucky Private Activity Bond Allocation Committee
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(1) The Kentucky Private Activity Bond Allocation Committee is established. The purpose of the committee shall be to ensure compliance by the Commonwealth, its political subdivisions, and other authorized issuers within the Commonwealth of Kentucky, of private activity bonds, as …
KRS § 104.030 Power of cities to extend flood control systems outside city boundaries -- Acquisition of property
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Acquisition of property. (1) For the purpose of protecting property within and beyond their limits from floods or high water, cities of all classes are authorized to extend a flood control system outside the city boundaries by constructing, enlarging, extending, equipping, mainta…
KRS § 104.190 Receipt and disbursement of federal flood control payments
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The Finance and Administration Cabinet is authorized to receive and distribute sums paid to this state, for the benefit of particular counties of this state, under the Federal Flood Control Act of June 28, 1938, as amended. The Finance and Administration Cabinet shall keep a sepa…
KRS § 104.450 Definitions for KRS 104.450 to 104.680
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As used in KRS 104.450 to 104.680, unless the context otherwise requires: (1) "Secretary" means the secretary of the Energy and Environment Cabinet of the Commonwealth of Kentucky. (2) "Flood control work" means all land, pumping equipment, buildings, motor vehicles, mowing machi…
KRS § 104.460 Power of secretary for energy and environment to establish districts
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The secretary, in addition to his other duties and powers, is invested with jurisdiction, power and authority to establish flood control districts in accordance with the provisions of KRS 104.450 to 104.680.
KRS § 104.470 Districts -- When may be established -- Purpose -- Boundaries
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A flood control district may be established for the purpose of maintaining and operating any flood control works heretofore or hereafter constructed in any city or county of the state. The boundaries of such a flood control district shall be the floodwall or levee and the contour…
KRS § 104.480 Petition for district -- Signature requirements
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(1) Before the secretary shall establish a flood control district, a petition shall be filed with the secretary, containing valid signatures of seventy percent (70%) of those in possession claiming as freeholders within the boundaries of the proposed flood control district. Each …
KRS § 104.490 Contents of petition
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The petition shall contain: (1) The proposed name of the district, which shall be "Flood Control District No. .... of .... County, (or counties), Kentucky." (2) The necessity for maintaining and operating any flood control works of the district and that such maintenance and opera…
KRS § 104.500 Amendment of petition -- Multiple petitions
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No petition with the requisite number of valid signatures shall be declared void on account of alleged defects, but the secretary may at any time permit the petition to be amended in form and substance to conform to the facts, by correcting any errors in the description of the te…
KRS § 104.510 Bond or deposit for costs
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At the time of filing the petition, or at any time subsequent thereto and prior to the time of the giving of notice by the secretary, as provided in KRS 104.530, the petitioners shall either file bond with the secretary with security approved by him, or deposit cash or securities…
KRS § 104.520 Boundaries of district -- Determination of -- When cities with population of 8,000 or more may be included
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8,000 or more may be included. (1) When the petition is filed with the secretary, he shall investigate at once the boundary of the district proposed to be organized, and may, at the cost of the petitioners, cause to be made surveys necessary to establish with reasonable accuracy …
KRS § 104.530 Notice of application for creation of district
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When seventy percent (70%) of those qualified within the boundary fixed by the secretary are found to have petitioned for the establishment of a flood control district, and the secretary has established the boundaries thereof, the secretary shall give notice of the application fo…
KRS § 104.540 Court action opposing creation of district
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Any owner of real property in the proposed district who has not signed the original petition for the creation of the district and who wishes to object to the organization of the district shall, within sixty (60) days after the giving of notice by the secretary, file his petition …
KRS § 104.550 Certificate of establishment of district -- Issuance -- Filing -- General powers of district
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powers of district. If no suit is filed against the secretary under KRS 104.540, or if suit is filed and final judgment in the Circuit Court or on appeal is in favor of the secretary, the secretary shall forthwith declare the district organized into a flood control district and g…
KRS § 104.560 Conclusiveness of certificate
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The certificate establishing the district shall be deemed final and binding upon the real property in the district, and shall finally and conclusively establish the regular organization of the district against all persons except the state upon suit commenced by the Attorney Gener…
KRS § 104.570 Office and records of district
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The secretary shall designate in the certificate the place where the office of the district shall be located, which shall be within the corporate limits of the district if practicable. The place may be changed by the board of directors of the district from time to time, by the ce…
KRS § 104.580 Board of directors -- Appointment -- Qualifications -- Term -- Vacancies -- Removal of board members
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Removal of board members. (1) Within thirty (30) days after the secretary certifies to the county clerk of each county in which the district is located that the district is incorporated, there shall be appointed a board of directors for the district, consisting of five (5) member…
KRS § 104.590 Oath and bond of directors
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(1) Each director, before entering upon his official duties, shall take and subscribe to an oath that he will honestly, faithfully and impartially perform the duties of his office, and that he will not be interested in any contract let for the purpose of carrying out any of the p…
KRS § 104.600 Quorum of board -- How business conducted
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A majority of the directors shall constitute a quorum and concurrence of the majority in any matter within the duties of the board shall be sufficient for its determination. All actions taken by the directors shall be by resolution, and in each instance the name and vote of each …
KRS § 104.610 Officers and employees of board -- Seal -- Records -- Expenses -- Rules and regulations -- Civil liabilities -- Audits -- Compliance with KRS 65A.010 to 65A.090
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regulations -- Civil liabilities -- Audits -- Compliance with KRS 65A.010 to 65A.090. (1) The board of directors shall, upon taking oath, elect one (1) of their members as president of the board, and shall select some suitable person as secretary, who need not be a member of the …
KRS § 104.620 Secretary -- Duties -- Attestation of records
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The secretary shall be the custodian of the seal, minutes and records of the district, and shall assist the board of directors in such particulars as the board directs in the performance of its duties. The secretary shall attest, under the seal of the district, such records as ar…
KRS § 104.630 Treasurer -- Duties -- Bond -- Countersigning of checks
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The treasurer shall keep an accurate account of all money received or disbursed by the district, make periodic accountings and reports thereof as directed by the board of directors, make regular semiannual accountings, assist any auditors employed by the board to check the financ…
KRS § 104.640 Attorney, engineer, and other employees -- Supplies and equipment
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The board of directors may employ an attorney and a chief engineer for the district, who shall hold office at the pleasure of the board and who shall give such bond as is required by the board. The board may employ such other engineers, attorneys, agents and assistants as may be …
KRS § 104.650 Contracts for work, materials or supplies
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All contracts for work, materials or supplies that may exceed one thousand dollars ($1,000) shall be advertised for bids by publication pursuant to KRS Chapter 424. The contract shall be let to the lowest and best bidder who shall give bonds with approved and ample surety for the…
KRS § 104.660 Stream and rain gages, scientific survey, etc. -- Reports
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The board of directors may establish and maintain stream gages and rain gages, and may make such surveys and examinations of rainfall, stream flow and other scientific and engineering subjects as are necessary and proper for the purpose of the district. The board may issue report…
KRS § 104.670 Tax for district, levy and collection of
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The board of directors, as soon as duly appointed and qualified, may levy an annual tax of not more than fifteen cents ($0.15) upon each one hundred dollars ($100) of assessed valuation of property within the district. This tax shall be certified to the county clerks of the vario…