42.345 Definitions for KRS 42.350 to 42.370.
85 words·~1 min read·
/ky/chapter-42/42-345A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
As used in KRS 42.350 to 42.370 the words:
(1)"Beneficiary agency" means an agency eligible to receive the benefit of a capital
project to be wholly or partly financed out of the area development fund, including
and limited to political subdivisions, special districts and agencies created pursuant
to the Interlocal Cooperation Act, or any combination thereof; and, not-for-profit
corporations organized for public purposes and performing governmental functions
and services;
(2)"Fund" means the area development fund established in the State Treasury by KRS
42.350.