103.200 Definitions for KRS 103.200 to 103.285.
719 words·~3 min read·
/ky/chapter-103/103-200A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
As used in KRS 103.200 to 103.285:
(1)"Building" or "industrial building" means any land and building or buildings,
including office space related and subordinate to any of the facilities enumerated in
this subsection, any facility or other improvement thereon, and all real and personal
properties, including operating equipment and machinery deemed necessary in
connection therewith, whether or not now in existence, which shall be suitable for
the following or any combination thereof:
(a)Any activity, business, or industry for the manufacturing, processing or
assembling of any commercial product, including agricultural, mining, or
manufactured products and solar-generated electricity, together with storage,
warehousing, and distribution facilities in respect thereof;
(b)Any undertaking involving the construction, reconstruction, and use of
airports, mass commuting facilities, ship canals, ports or port facilities, docks
or wharf facilities or harbor facilities, off-street parking facilities or of
railroads, monorails, or tramways, railway or airline terminals, cable
television, mass communication facilities, and related facilities;
(c)Any buildings, structures, and facilities, including the site thereof and
machinery, equipment, and furnishings suitable for use as health-care or
related facilities, including without limitation hospitals, clinics, nursing
homes, research facilities, extended or long-term care facilities, including
housing for the aged or the infirm and all buildings, structures, and facilities
deemed necessary or useful in connection therewith;
(d)Any nonprofit educational institution in any manner related to or in
furtherance of the educational purposes of such institution, including but not
limited to classroom, laboratory, housing, administrative, physical
educational, and medical research and treatment facilities;
(e)Any facilities for any recreation or amusement park, public park, or theme
park, including specifically facilities for the use of nonprofit entities in
making recreational and cultural benefits available to the public;
(f)Any facilities involving manufacturing and service industries which process
raw agricultural products, including timber, provide value-added functions, or
supply ingredients used for production of basic agricultural crops and
products;
(g)Any facilities incident to the development of industrial sites, including land
costs and the costs of site improvements thereon, such as grading, streets,
drainage, storm and sanitary sewers, and other facilities and structures
incidental to the use of such site or sites for industrial use;
(h)Any facilities for the furnishing of water, if available on reasonable demand to
members of the general public;
(i)Any facilities for the extraction, production, grading, separating, washing,
drying, preparing, sorting, loading, and distribution of mineral resources,
together with related facilities;
(j)Any convention or trade show facilities, together with all related and
subordinate facilities necessary to the development and proper utilization
thereof;
(k)Any facilities designed and constructed to be used as hotels or motels,
together with all related and subordinate facilities necessary to the operation
thereof, including site preparation and similar facilities;
(l)Any activity designed for the preservation of residential neighborhoods,
provided that such activity receives approval of the heritage division and
insures the preservation of not fewer than four
(4)family units;
(m)Any activity designed for the preservation of commercial or residential
buildings which are on the National Register of Historic Places or within an
area designated as a national historic district or approved by the heritage
division;
(n)Any activity, including new construction, designed for revitalization or
redevelopment of downtown business districts as designated by the issuer;
(o)Any use by an entity recognized by the Internal Revenue Service as an
organization described in 26 U.S.C. sec. 501(c)(3) in any manner related to or
in the furtherance of that entity's exempt purposes where the use would also
qualify for federally tax-exempt financing under the rules applicable to a
qualified 501(c)(3) bond as defined in 26 U.S.C. sec. 145; and
(p)Any activity, including new construction, that would result in an increase of
forty-eight
(48)units or more to the stock of residential multifamily housing
units;
(2)"Bonds" or "negotiable bonds" means bonds, notes, variable rate bonds, commercial
paper bonds, bond anticipation notes, or any other obligations for the payment of
money issued by a city, county, or other authority pursuant to KRS 103.210 to
103.285; and
(3)"Substantiating documentation" means an independent finding, study, report, or
assessment of the economic and financial impact of a project, which shall include a
review of customary business practices, terms, and conditions for similar types of
projects, both taxable and tax-exempt, in the current market environment.