{"data":{"id":"us-ky/krs-154.50-316","jurisdiction":"us-ky","citation":"KRS 154.50-316","heading":"Establishment of local industrial development authority.","body":"(1) Any governmental unit by act of its legislative body may establish a nonprofit\nindustrial development authority to be composed of not less than six (6) and not\nmore than eight (8) members.\n(2) The authority shall be a body politic and corporate with the us ual corporate\nattributes and in its corporate name may sue and be sued, contract and be contracted\nwith, and do all things reasonable or necessary to effectively carry out the duties\nprescribed by KRS 154.50-301 to 154.50-346.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=2962","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:57Z","sha256":"918f6fa3a28f7d01b2b01b489f4356d43ae02c30e0ffb40c9d4d86ec6c55bfe1","source_id":"us-ky","stale":false,"prev":"us-ky/krs-154.50-313","next":"us-ky/krs-154.50-320"},"notice":"GroundRules: Original legal text. Not legal advice."}