KRS 80.600: Acceptance of federal aid.

In addition to the powers conferred upon an authority by other provisions of KRS 80.320

to 80.610, an authority is empowered to borrow money or accept contributions, grants or

other financial assistance from the federal government for or in aid of any hous ing, to

take over or lease or manage any housing project or undertaking constructed or owned by

the federal government, and to these ends, to comply with such conditions and enter into

such mortgages, trust indentures, leases or agreements as may be necessary, convenient or

desirable. It is the purpose and intent of KRS 80.320 to 80.610 to authorize every housing

authority to do any and all things necessary or desirable to secure the financial aid or

cooperation of the federal government in the undertaking, construction, maintenance or

operation of any housing project by such authority.