175B.005 Purpose of chapter.
144 words·~1 min read·
/ky/chapter-175b/175b-005A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)The purpose of this chapter is to establish a structure for the construction,
operation, financing, and oversight of significant transportation projects within
the Commonwealth and between the Commonwealth and any state adjoining
the Commonwealth. To accomplish this purpose, the Kentucky Public
Transportation Infrastructure Authority is established by KRS 175B.015 to
review, approve, and monitor all projects eligible for construction and financing
under this chapter and, if necessary, to assist with the operation, financing, and
management of projects.
(2)All projects approved by the Kentucky Public Transportation Infrastructure
Authority may be operated, managed, constructed, and financed entirely or in
part only by:
(a)A bi-state authority as provided in KRS 175B.030;
(b)A project authority as provided in KRS 175B.035;
(c)A public-private partnership as provided in KRS 175B.030 and 175B.037;
or
(d)A state authority as provided in KRS 175B.020, 175B.030, and 175B.037.