Kentucky Statutes 175B.110 – Indemnification from liability for an authority’s board members, officers, and employees
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Board members, officers, and employees of each authority authorized under this chapter shall be indemnified from liability asserted by any person on the bonds or notes of the authority, or any personal liability or accountability by reason of:
(1) The issuance of bonds, notes, or guarantees;
(2) The acquisition, construction, ownership, or operation of any project funded in whole or part by the authority; or
(3) Any other action taken or the failure to act by the authority.
Effective: June 26, 2009
History: Created 2009 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 96, effective June 26,
2009.
(1) The issuance of bonds, notes, or guarantees;
Terms Used In Kentucky Statutes 175B.110
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Authority: means the state authority, or a bi-state authority, or a project authority, unless the specific use requires that it apply only to the state authority, or a bi-state authority, or a project authority. See Kentucky Statutes 175B.010
- Project: includes all bridges, tollhouses, garages, and other buildings and facilities which the authority deems necessary for the operation of the project, together with all property, rights, easements, and interests which may be acquired by the authority or by the Commonwealth for the construction and operation of a project. See Kentucky Statutes 175B.010
(2) The acquisition, construction, ownership, or operation of any project funded in whole or part by the authority; or
(3) Any other action taken or the failure to act by the authority.
Effective: June 26, 2009
History: Created 2009 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 96, effective June 26,
2009.