KRS 154.20-033: Powers of authority -- Limitation of liability -- Payment of

administrative and operational expenses.

(1) The authority shall have all the powers necessary or convenient to carry out and

effectuate the purposes and provisions of Subchapters 20 to 28, 30 to 34, and 60 of

this chapter, including but not limited to:

(a) Employing fiscal consultants, attorneys, appraisers, and other agents on behalf

of the authority whom the authority deems necessary or convenient for the

preparation and administ ration of agreements and documents necessary or

incident to any project. The fees for the services provided by persons

employed on behalf of the authority shall be paid by the beneficiary of a loan,

grant, assessment, incentive, inducement, or tax credit u nder this chapter

directly to the person providing consultation, advisory, legal or other services;

and

(b) Imposing and collecting fees and charges in connection with any transaction

and providing for reasonable penalties for delinquent payment of fees an d

charges.

(2) A director or officer of the authority shall not be subject to any personal liability or

accountability by reason of the execution of any obligation duly authorized by the

authority.

(3) The authority may accept and expend moneys which may be appropriated from time

to time by the General Assembly, or moneys which may be received from any

source, including income from the authority's operations for effectuating its

purpose, including without limitation the payment of the expenses of administra tion

and operation.