KRS § 175.410 — KY Code / Title XV / Chapter 175 / Section 175.410
175.410 Definitions
Status: in_force

175.410 Definitions.

As used in this chapter, the following words shall have the following respective

meanings, unless another or different meaning or intent shall be clearly indicated by the

context:

(1) The word "authority" shall mean the Turnpike Authority of Kentucky;

(2) The word "department" shall mean the Department of Highways, or, if said

department shall be abolished, the bureau, board, body or commission succeeding to

the principal functions thereof or to whom the powers given by KRS 177.390 to

177.570 to the department shall be given by law;

(3) The word "project" or the words "turnpike project" shall mean any express highway

or superhighway or such part or parts thereof as may be constructed by the authority

under the provisions of this chapter, including all bridges, tunnels, overpasses,

underpasses, interchanges, entrance plazas, approaches, connecting highways,

tollhouses, service stations, garages, restaurants, and administration, storage and

other buildings and facilities which the authority may deem necessary for the

operation of such project, together with all property, rights, easements and interests

which may be acquired by the authority or by the department for the construction or

the operation of such project;

(4) The word "cost" as applied to a turnpike project shall embrace the cost of

construction, the cost of the acquisition of all land, rights of way, property, rights,

easements and interests acquired for such construction, the cost of demolishing or

removing any buildings or structures on land so acquired, including the cost of

acquiring any lands to which such buildings or structures may be moved, the cost of

all machinery and equipment, financing charges, provision for working capital in

such amount as the authority shall determine to be reasonable, interest prior to and

during construction and, if deemed advisable by the authority, for a period not

exceeding two (2) years after completion of construction, cost of traffic estimates,

engineering and legal expenses, cost of plans, specifications, surveys, estimates of

cost and of revenues, other expenses as may be necessary or incident to determining

the feasibility or practicability of constructing any such project, administrative

expenses, and such other expense as may be necessary or incident to the

construction of the project, the financing of such construction and the placing of the

project in operation. Any obligation or expense hereafter incurred for a turnpike

project by the authority or by the department on behalf of the authority, and any

obligation or expense heretofore incurred by the department for any such turnpike

project, for traffic surveys, borings, preparation of plans and specifications,

engineering, and other services in connection with the construction of a project may

be regarded as a part of the cost of such project and may, if advanced by the

department, be reimbursed to it out of the proceeds of turnpike revenue bonds of the

authority;

(5) The words "public highways" shall include all public highways, roads and streets in

the Commonwealth, whether maintained by the Commonwealth or by any county,

city, town or other political subdivision or agency;

(6) The word "bonds" or the words "revenue bonds" or "turnpike revenue bonds" shall

mean revenue bonds or revenue refunding bonds of the authority issued under the

provisions of this chapter;

(7) The word "owner" shall include all individuals, copartnerships, associations, or

corporations having any title or interest in any property, rights, easements or

interests authorized by this chapter to be acquired;

(8) The word "agreement" shall mean a written agreement, made by and between the

authority and the department under the provisions of KRS 175.460, providing for

the financing and constructing of one (1) or more turnpike projects by the authority;

(9) The word "lease" shall mean a written lease made by the authority as lessor and the

department as lessee under the provisions of KRS 175.470, relating to one (1) or

more turnpike projects financed and constructed by the authority;

(10) The word "biennium" or the words "biennial period" or "biennial term" shall mean

the two (2) year fiscal period of the Commonwealth, commencing on July 1 in each

even-numbered year and ending on June 30 in the next ensuing even-numbered

year.