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154.33.515 East Kentucky Corporation -- Purpose -- Change in name -- Continuation of rights and obligations.

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154.33-515 East Kentucky Corporation -- Purpose -- Change in name -- Continuation of rights and obligations. (1) There is hereby created and established an independent, de jure municipal corporation and political subdivision of the Commonwealth which shall be a public <br>body corporate and politic to be known as the East Kentucky Corporation. The <br>corporation shall be deemed a public agency within the meaning of KRS 61.805 and <br>61.870. (2) The corporation is created and established to exercise and to perform those functions and activities as specified in KRS 154.33-501 to 154.33-585 for the <br>purpose of improving the economic well-being of the people of the region, and <br>otherwise promote and enhance the health and welfare of the people of the region <br>by developing or assisting in projects aimed at creating new job opportunities or to <br>assist existing regional industries or businesses in expanding employment <br>opportunities within the region. (3) Beginning on July 14, 1992, the name of the East Kentucky Economic Development and Jobs Creation Corporation shall be changed to the East Kentucky Corporation. <br>All existing rights and obligations of the corporation under its prior name shall <br>continue in force under its new name. Effective: July 14, 1992 History: Amended 1992 Ky. Acts ch. 43, sec. 2, effective July 14, 1992. -- Created 1990 Ky. Acts ch. 105, sec. 2, effective March 20, 1990. Formerly codified as KRS 154B.102