Kentucky Statutes 154.50-310 – Definitions for KRS 154.50-301 to 154.50-346
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As used in KRS § 154.50-301 to KRS § 154.50-346, unless the context otherwise requires:
(1) “Authority” means a local industrial development authority as established by KRS
154.50-301 to 154.50-346.
(2) “Industrial sites, parks and subdivisions” means land and improvements thereon, including buildings, fixtures, and equipment, suitable for one (1) or more manufacturers, industries, or commercial establishments.
(3) “Development of land” means the improvement and provision of facilities essential to the use of land for manufacturing, industrial, and commercial purposes such as, but not limited to, core drilling, grading, sewerage systems, water systems, access roads, rail lines, electrical lines, layout planning, and the construction and equipping of buildings.
(4) “Governmental units” means any city or the combination of any two (2) or more cities, any county or combination of two (2) or more counties, or any city or cities acting jointly with any county or counties.
(5) “Person” means any individual, firm, partnership, corporation, company, association, joint stock association, or body politic, and includes any trustee, receiver, assignee, or other similar representative thereof.
Effective: July 15, 1994
History: Amended 1994 Ky. Acts ch. 199, sec. 1, effective July 15, 1994. — Created
1970 Ky. Acts ch. 114, sec. 3.
Formerly codified as KRS § 152.810
(1) “Authority” means a local industrial development authority as established by KRS
Terms Used In Kentucky Statutes 154.50-310
- Authority: means the Kentucky Economic Development Finance Authority, consisting of a committee as set forth in KRS §. See Kentucky Statutes 154.1-010
- City: includes town. See Kentucky Statutes 446.010
- Company: may extend and be applied to any corporation, company, person, partnership, joint stock company, or association. See Kentucky Statutes 446.010
- Trustee: A person or institution holding and administering property in trust.
154.50-301 to 154.50-346.
(2) “Industrial sites, parks and subdivisions” means land and improvements thereon, including buildings, fixtures, and equipment, suitable for one (1) or more manufacturers, industries, or commercial establishments.
(3) “Development of land” means the improvement and provision of facilities essential to the use of land for manufacturing, industrial, and commercial purposes such as, but not limited to, core drilling, grading, sewerage systems, water systems, access roads, rail lines, electrical lines, layout planning, and the construction and equipping of buildings.
(4) “Governmental units” means any city or the combination of any two (2) or more cities, any county or combination of two (2) or more counties, or any city or cities acting jointly with any county or counties.
(5) “Person” means any individual, firm, partnership, corporation, company, association, joint stock association, or body politic, and includes any trustee, receiver, assignee, or other similar representative thereof.
Effective: July 15, 1994
History: Amended 1994 Ky. Acts ch. 199, sec. 1, effective July 15, 1994. — Created
1970 Ky. Acts ch. 114, sec. 3.
Formerly codified as KRS § 152.810