KRS 81A.532: Definitions for KRS 81A.532 to 81A.536.

As used in KRS 81A.532 to 81A.536, unless the context requires otherwise:

(1) "Commercial purposes" means the use of land, buildings, or structures, or parts

thereof, for the buying, selling, storage, or shipment of goods or services, or other

substantially similar types of activity;

(2) "District" means a designated county industrial district;

(3) "Industrial purposes" means the use of land, buildings, or structures, or parts

thereof, for manufacturing, production or assembly of goods, warehousing and

distribution, or other substantially similar types of activity; and

(4) "Substantial investment" means expenditures by the county in an amount equal to

or greater than twenty percent (20%) of the total assessed value of real property at

the time of the designa tion of a designated county industrial district in utility,

transportation, or other similar infrastructure within the district, not including

normal or routine county road maintenance.