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154.50.313 Purpose.

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154.50-313 Purpose. The purpose of KRS 154.50-301 to 154.50-346 is to create local industrial development <br>authorities to aid in the acquisition, retention and development of land for industrial and <br>commercial purposes in Kentucky; to aid in the development and promotion of industrial <br>sites, parks and subdivisions for accommodating industrial and commercial needs; to <br>promote and stimulate the acquisition, retention and development of land for industrial <br>and commercial purposes in Kentucky by other local development organizations both <br>public and private. History: Created 1970 Ky. Acts ch. 114, sec. 2. <br>Formerly codified as KRS 152.820