Kentucky Statutes 96A.160 – Power of other agencies to sell property to authority
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Any department or agency of the United States or state government or any county, municipality, or other public agency may sell, lease, grant, transfer, or convey to an authority, with or without consideration, any facilities or any part or parts thereof or any real or personal property or interest therein which may be useful to the authority for any authorized purpose. In any case where the construction or installation of any such facilities has not been completed, the public agency concerned may also transfer, sell, assign, and set over to the authority, with or without consideration, any existing contract for the construction or installation of the facilities.
History: Created 1970 Ky. Acts ch. 243, sec. 16.
History: Created 1970 Ky. Acts ch. 243, sec. 16.
Terms Used In Kentucky Statutes 96A.160
- authority: means a transit authority created pursuant to this chapter. See Kentucky Statutes 96A.010
- Contract: A legal written agreement that becomes binding when signed.
- County: means any county in the Commonwealth wherein there is located an incorporated city and for the purpose of this chapter shall also mean a county which has adopted an urban-county government or consolidated local government. See Kentucky Statutes 96A.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
- Personal property: All property that is not real property.
- State: means the Commonwealth. See Kentucky Statutes 96A.010