(1) The General Assembly finds that the establishment of development areas and projects which result in increased property values, increased employment opportunities, and increased economic activity in communities within the Commonwealth serves a public purpose.
(2) The General Assembly further finds and declares that the authority prescribed in this subchapter, and the purposes to be accomplished thereunder are proper.

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Terms Used In Kentucky Statutes 154.30-020


Effective: July 15, 2008
History: Created 2008 Ky. Acts ch. 178, sec. 15, effective July 15, 2008.