{"data":{"id":"us-ky/krs-175b.080","jurisdiction":"us-ky","citation":"KRS 175B.080","heading":"Operation and maintenance of projects constitute performance of","body":"essential governmental functions -- Tax-free status of projects and project\nrevenue bonds.\nThe exercise of the powers granted by this chapter shall be in all respects for the benefit\nof the people of the Commonwealth, for the increase of their commerce and prosperity,\nand for the improvement of their health and living conditions. Because the operation and\nmaintenance of projects by any authority created pursuant to this chapter will const itute\nthe performance of essential governmental functions:\n(1) An authority shall not be required to pay any taxes or assessments upon any project\nor any property acquired or used by the authority under this chapter or upon the\nincome therefrom; and\n(2) The project revenue bonds issued under this chapter, their transfer, and the income\ntherefrom shall at all times be free from taxation within the Commonwealth.","path":["KRS Chapter 175B"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=5149","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:26Z","sha256":"c1afec75c2db068bdb5ffbd7ade27913abb054384088f43c36ffc4aa2b1afb16","source_id":"us-ky","stale":false,"prev":"us-ky/krs-175b.075","next":"us-ky/krs-175b.085"},"notice":"GroundRules: Original legal text. Not legal advice."}