{"data":{"id":"us-ky/krs-65.355","jurisdiction":"us-ky","citation":"KRS 65.355","heading":"Creation of authority.","body":"(1) Any  local government, the county or independent school district within the\ncounty, and the Commonwealth  of Kentucky may  enter into an interlocal\ncooperation agreement pursuant to KRS  65.210 to 65.300 for the purpose of\nestablishing a land bank authority pursuant to KRS 65.350 to 65.375.\n(2) The authority shall be a public body corporate and politic with the power to sue\nand be sued, issue deeds in its name, and any other powers necessary and\nconvenient to carry out these powers or that may be granted to the authority by\nthe parties.\n(3) The  authority shall be established to acquire the tax delinquent properties of\nthe parties, properties that have become blighted or deteriorated as defined by\nKRS  99.705 and properties that have local government liens filed against them,\nto facilitate the public purpose of returning property that is in a non-revenue\ngenerating, non-tax producing status to effective utilization, including but not\nlimited to providing housing, new  industry, and jobs for the citizens of the\ncounty. The authority shall have the powers provided in KRS  65.370 and\n65.375 and in the interlocal cooperation agreement.","path":["KRS Chapter 65"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=46458","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:21Z","sha256":"8477932f10ba3df58f9fd2347f02561a8abb56f188dd78311668f9dc5f659efa","source_id":"us-ky","stale":false,"prev":"us-ky/krs-65.352","next":"us-ky/krs-65.360"},"notice":"GroundRules: Original legal text. Not legal advice."}