KRS 99.490: Exercise of agency powers by community or housing authority.

If the council within its discretion finds and determines that it would be more efficient

and in the public interest for the powers, functions, and duties of an agency to be

exercised by the community or the housing authority of the community, such communi ty

or housing authority shall have all of the powers, functions, rights, duties and privileges

(subject to the limitations thereon) of an agency under KRS 99.330 to 99.510, and any

powers of a public body (including a community) to assist an agency, or a project thereof,

may be exercised to assist such community or housing authority or the project thereof.

For such purposes, the term "agency," as used in KRS 99.330 to 99.510, shall mean the

housing authority or the city or county, as the case may be, unless a different meaning

clearly appears from the context. If a community has, pursuant to this section, determined

to exercise the powers, functions, and duties of an agency, it may delegate any of them to

a department or departments of such community, or may create a special department to

exercise the powers and perform the functions and duties of an agency; provided that no

such department or departments shall have the power to issue the bonds or acquire title to

real property, this power being reserved to t he community. Bonds issued by the

community or by the housing authority of the community for any purposes under KRS

99.330 to 99.590 may be revenue bonds.