KRS 99.645: Appropriation and receipt of funds.

The board of commissioners of an agency is authorized to receive, and the governing

board of the city for which the agency is established, is authorized to appropriate, such

amounts of money as may be necessary for the administrative purposes of the agency ,

which may include payments to staff and consultants for research, various studies and

surveys, designation of project areas, preparation of development plans, estimates of the

cost of acquisition, clearance, renovation, rehabilitation, improvement of pro ject areas,

and payments for architectural, engineering, legal and financial advisory services and

other administrative expenses deemed necessary by the board of commissioners. The

board of commissioners is also authorized to receive, and the governing boa rd of the city

is authorized to appropriate, moneys necessary to meet any contractual commitments

made by the city to the agency for any project undertaken by agreement between the city

and the agency.