262.776 Definitions for KRS 262.776 to 262.779.

170 words·~1 min read·/ky/chapter-262/262-776

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

As used in KRS 262.776 to 262.779:

(1)"Project" means the acquisition by a watershed conservancy district of easements,

rights-of-way, or land by purchase or condemnation in order to enable the district to

construct and maintain flood control structures or institute other beneficial flood

control measures.

(2)"Cost" means the cost of land, easements, or rights-of-way necessary for a project,

and every expense connected with a project and accompanying bond issues,

including engineers' fees, attorney fees, publication of resolutions and notices,

printing of bonds, interest which will accrue on the bonds until the due date of the

first annual assessment levied in connection therewith the fee of a fiscal agent for

advice as to the preparation and marketing of the bonds, and other costs of

financing, as well as reasonable allowance for unforeseen contingencies.

(3)"Benefited land" means land located within a flood plain area, as determined by the

board of directors of a watershed conservancy district, which will derive direct

benefits from a flood control project of the district.