In addition to the powers conferred upon an authority by other provisions of KRS § 80.320 to KRS § 80.610, an authority is empowered to borrow money or accept contributions, grants or other financial assistance from the federal government for or in aid of any housing, to take over or lease or manage any housing project or undertaking constructed or owned by the federal government, and to these ends, to comply with such conditions and enter into such mortgages, trust indentures, leases or agreements as may be necessary, convenient or desirable. It is the purpose and intent of KRS § 80.320 to KRS § 80.610 to authorize every housing authority to do any and all things necessary or desirable to secure the financial aid or cooperation of the federal government in the undertaking, construction, maintenance or operation of any housing project by such authority.
Effective: July 13, 1984

Terms Used In Kentucky Statutes 80.600

  • authority: means any housing authority created pursuant to this chapter. See Kentucky Statutes 80.010
  • Federal: refers to the United States. See Kentucky Statutes 446.010
  • Federal government: includes the United States of America, the United States housing authority and its successor agencies, and any other agency or instrumentality of the United States of America. See Kentucky Statutes 80.010
  • Housing: means a building or buildings containing rooms to be provided as living quarters, together with shops, stores, garages, laundries, doctors' and dentists' offices, and other facilities and appurtenances deemed reasonably necessary by the housing authority to the successful and economical operation of the project. See Kentucky Statutes 80.010
  • 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

History: Amended 1984 Ky. Acts ch. 361, sec. 38, effective July 13, 1984. — Created
1942 Ky. Acts ch. 70, sec. 30.

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