KRS 82.120: Effect of concurrent urban renewal and redevelopment program.

A city may exercise all or any of the powers conferred upon it in KRS 82.105 to 82.180

as incidents to the exercise of its urban renewal and/or urban redevelopment functions

authorized and contemplated in and by KRS Chapter 99, or otherwise. In the event a city

has elected or may hereafter elect to perform and carry out its permissible urban renewal

and/or urban redevelopment functions through, or without the intervention of, an

independent corporate agency or instrumentality, such city may lawfully raise f unds from

any source or sources authorized or permitted by law, and by means thereof acquire such

lands in its own name and pay therefor the resale or lease value established as provided in

KRS Chapter 99, and thereby redeem and perform obligations and com mitments to the

United States or others within the meaning, intent and purpose of federal or Kentucky

statutes relating to such urban renewal and urban redevelopment programs.