KRS 80.180: Authority to have full control of housing and housing stock.

(1) The authority shall, itself, or through agreements with other public or private

entities, operate, manage, and control housing, fix the rate of rentals, and establish

bylaws, rules, and regulations for the use and operation of the projects not

inconsistent with the provisions of this chapter. The legislative body of a city may

prescribe by ordinance penalties for the violation of bylaws, rules, and regulations

of a project located within the city.

(2) The authority, itself, or through agreements with other public or private entities,

may operate, manage and control housing stock not within the meaning of KRS

80.010(1) either in their entirety or in conjunction with other persons, whether

private or public, or whether through partnership agreements, joint ven ture

agreements and development agreements, limited liability company agreements, and

other agreements of that type with other persons, public or private, who may earn a

profit from the activities of that venture. Although public housing projects shall not

be constructed or operated for profit, or as a source of revenue, other activities

undertaken by an authority in conformance with this chapter to maintain or enhance

the adequacy of housing stock for low -income and moderate -income persons shall

not be sub ject to the limitation on construction or operation for profit, so long as

any profits or any other net revenues generated thereby are utilized, directly or

indirectly, in the furtherance of the maintenance and enhancement of housing.