{"data":{"id":"us-ky/krs-65.684","jurisdiction":"us-ky","citation":"KRS 65.684","heading":"Powers of city or county for economic development.","body":"For any development area for which increments do not include revenues from the\nCommonwealth, in addition to any other powers conferred by law, any city or county may\nexercise any powers necessary or convenient to carry out the purposes of KRS 65.680 to\n65.699, including the power to:\n(1) Create development areas and to define their boundaries;\n(2) Undertake projects;\n(3) Issue increment bonds and pledge increments to the payment of debt charges on\nthose increment bonds;\n(4) Create a special fund established  for the deposit of increments and other funds that\nmay be used or pledged for the payment of increment bonds and to pay the costs of\nprojects;\n(5) Utilize increments to pay the costs of economic development projects and for the\npayment of amounts due on increment bonds; and\n(6) Impose assessments.","path":["KRS Chapter 65"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=23451","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:22Z","sha256":"0b870bb3e56f0c076b3ed23e9bab061d7ab0cbc1d6d5c96a6cf9ff44b90033f0","source_id":"us-ky","stale":false,"prev":"us-ky/krs-65.683","next":"us-ky/krs-65.6851"},"notice":"GroundRules: Original legal text. Not legal advice."}