(1) The commission:
(a) Shall have the authority and control of such property as now is under its custody and control, and of such property as may hereafter be placed under its control or transferred to it by the State Property and Buildings Commission, for any purpose mentioned in this section;

Terms Used In Kentucky Statutes 148.280

  • Bequest: Property gifted by will.
  • Commission: means the State Property and Buildings Commission. See Kentucky Statutes 148.001
  • Contract: A legal written agreement that becomes binding when signed.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Devise: To gift property by will.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010

(b) May erect and repair buildings on the Kentucky Horse Park and make any and all necessary or proper improvements, and generally carry on a program of development and extension of facilities designed to accomplish the objectives defined in this section; and
(c) Shall promote the progress of the state and stimulate public interest in the advancement and development of the state by providing the facilities of the Kentucky Horse Park for exhibitionary, competitive, and other events relative to various aspects of the horse industry and other functions calculated to advance and enhance the tourist industry, economy, entertainment, cultural, and educational interests of the public.
(2) The commission may take, acquire, and hold property, and all interest herein, by deed, gift, devise, bequest, lease, or by transfer from the state property so acquired in the manner provided by law, and may dispose of any property so acquired in the manner provided by law.
(3) The commission may promulgate administrative regulations in accordance with KRS Chapter 13A to govern the operation, maintenance, or use of property under its custody and control, as are necessary to:
(a) Maintain decency and good order;
(b) Protect the peace or safety of the general public;
(c) Protect the public interest, convenience, or necessity; and
(d) Govern the operation, maintenance, or use of the Kentucky Horse Park. (4) The commission may:
(a) Employ or contract with other persons, firms, or corporations the commission may deem necessary or desirable to accomplish its duties and functions; may fix the compensation and the terms of employment or contract of those employed or contracted with; and may assign to them duties and responsibilities the commission may determine, including the responsibility of actual operation of any or all of the facilities under the control of the commission;
(b) Purchase liability insurance for the members and executive officers exempted from the classified service of the state by KRS § 18A.115; and
(c) Operate shows and expositions that support the purpose and function of the
Kentucky Horse Park.
Effective: June 29, 2023
History: Amended 2023 Ky. Acts ch. 125, sec. 4, effective June 29, 2023. — Amended
1994 Ky. Acts ch. 196, sec. 2, effective July 15, 1994. — Amended 1986 Ky. Acts
ch. 96, sec. 4, effective July 15, 1986. — Amended 1982 Ky. Acts ch. 396, sec. 17, effective July 15, 1982. — Created 1979 (1st Extra. Sess.) Ky. Acts ch. 6, sec. 3, effective July 1, 1979.