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96A.100 Management contracts.

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96A.100 Management contracts. An authority may operate any mass transit system which it establishes or acquires; or <br>instead of operating the same in its own name, an authority may enter into one (1) or <br>more management contracts for operating the same or any part thereof, under such terms <br>and conditions as it may determine to be proper and desirable; provided, however, any <br>such management contract shall retain in the authority the power to establish, and to <br>adjust from time to time, rates and charges to be exacted from the public for use of the <br>services and facilities referred to therein, and the power to issue revenue bonds, mortgage <br>bonds, or other obligations of the authority payable from the income and revenues <br>thereof. History: Created 1970 Ky. Acts ch. 243, sec. 11.