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80.350 Decreasing area of operation of regional authority.

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80.350 Decreasing area of operation of regional authority. The area of operation of a regional housing authority shall be decreased from time to time <br>to exclude one or more counties from such area if the governing body of each of the <br>counties in such area and the members of the regional housing authority each adopt a <br>resolution declaring that there is a need for excluding such county or counties from such <br>area. No action shall be taken pursuant to this section if the regional housing authority has <br>outstanding any bonds, notes or other evidences of indebtedness, unless first, all holders <br>of such evidences of indebtedness consent in writing to such action. If such action <br>decreases the area of operation of the regional housing authority to only one (1) county, <br>the authority shall thereupon constitute and become a housing authority for that county, in <br>the same manner as though the authority were created pursuant to KRS 80.320, and the <br>members of such county housing authority shall be thereupon appointed as provided for <br>the appointment of members of a housing authority created for a county. History: Created 1942 Ky. Acts ch. 70, sec. 5.