KRS § 103.200 — KY Code / Title IX / Chapter 103 / Section 103.200
103.200 Definitions for KRS 103.200 to 103.285
Status: in_force

103.200 Definitions for KRS 103.200 to 103.285.

As used in KRS 103.200 to 103.285:

(1) "Building" or "industrial building" means any land and building or buildings,

including office space related and subordinate to any of the facilities enumerated in

this subsection, any facility or other improvement thereon, and all real and personal

properties, including operating equipment and machinery deemed necessary in

connection therewith, whether or not now in existence, which shall be suitable for

the following or any combination thereof:

(a) Any activity, business, or industry for the manufacturing, processing or

assembling of any commercial product, including agricultural, mining, or

manufactured products and solar-generated electricity, together with storage,

warehousing, and distribution facilities in respect thereof;

(b) Any undertaking involving the construction, reconstruction, and use of

airports, mass commuting facilities, ship canals, ports or port facilities, docks

or wharf facilities or harbor facilities, off-street parking facilities or of

railroads, monorails, or tramways, railway or airline terminals, cable

television, mass communication facilities, and related facilities;

(c) Any buildings, structures, and facilities, including the site thereof and

machinery, equipment, and furnishings suitable for use as health-care or

related facilities, including without limitation hospitals, clinics, nursing

homes, research facilities, extended or long-term care facilities, including

housing for the aged or the infirm and all buildings, structures, and facilities

deemed necessary or useful in connection therewith;

(d) Any nonprofit educational institution in any manner related to or in

furtherance of the educational purposes of such institution, including but not

limited to classroom, laboratory, housing, administrative, physical

educational, and medical research and treatment facilities;

(e) Any facilities for any recreation or amusement park, public park, or theme

park, including specifically facilities for the use of nonprofit entities in

making recreational and cultural benefits available to the public;

(f) Any facilities involving manufacturing and service industries which process

raw agricultural products, including timber, provide value-added functions, or

supply ingredients used for production of basic agricultural crops and

products;

(g) Any facilities incident to the development of industrial sites, including land

costs and the costs of site improvements thereon, such as grading, streets,

drainage, storm and sanitary sewers, and other facilities and structures

incidental to the use of such site or sites for industrial use;

(h) Any facilities for the furnishing of water, if available on reasonable demand to

members of the general public;

(i) Any facilities for the extraction, production, grading, separating, washing,

drying, preparing, sorting, loading, and distribution of mineral resources,

together with related facilities;

(j) Any convention or trade show facilities, together with all related and

subordinate facilities necessary to the development and proper utilization

thereof;

(k) Any facilities designed and constructed to be used as hotels or motels,

together with all related and subordinate facilities necessary to the operation

thereof, including site preparation and similar facilities;

(l) Any activity designed for the preservation of residential neighborhoods,

provided that such activity receives approval of the heritage division and

insures the preservation of not fewer than four (4) family units;

(m) Any activity designed for the preservation of commercial or residential

buildings which are on the National Register of Historic Places or within an

area designated as a national historic district or approved by the heritage

division;

(n) Any activity, including new construction, designed for revitalization or

redevelopment of downtown business districts as designated by the issuer;

(o) Any use by an entity recognized by the Internal Revenue Service as an

organization described in 26 U.S.C. sec. 501(c)(3) in any manner related to or

in the furtherance of that entity's exempt purposes where the use would also

qualify for federally tax-exempt financing under the rules applicable to a

qualified 501(c)(3) bond as defined in 26 U.S.C. sec. 145; and

(p) Any activity, including new construction, that would result in an increase of

forty-eight (48) units or more to the stock of residential multifamily housing

units;

(2) "Bonds" or "negotiable bonds" means bonds, notes, variable rate bonds, commercial

paper bonds, bond anticipation notes, or any other obligations for the payment of

money issued by a city, county, or other authority pursuant to KRS 103.210 to

103.285; and

(3) "Substantiating documentation" means an independent finding, study, report, or

assessment of the economic and financial impact of a project, which shall include a

review of customary business practices, terms, and conditions for similar types of

projects, both taxable and tax-exempt, in the current market environment.