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154.90.015 Powers and duties of corporation.

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154.90-015 Powers and duties of corporation. The Northern Kentucky Convention Center Corporation: <br>(1) Shall supervise the design and construction of the Northern Kentucky Convention Center, and shall provide all management functions for the facility and for any other <br>property acquired or leased pursuant to its powers under this section; (2) May take, acquire, and hold property, and all interests therein, by deed, purchase, gift, devise, bequest, or lease, or by transfer from the State Property and Buildings <br>Commission, and may dispose of any property so acquired in any manner provided <br>by law. (3) May issue revenue bonds, subject to procedures which shall be established by the Finance and Administration Cabinet, solely payable from the revenues and other <br>funds pledged for their payment for the purpose of paying all or any part of the cost <br>of any project or for the acquisition of property; (4) Shall promote the growth and development of the convention trade, tourism, and the hotel, restaurant, and entertainment industry in Northern Kentucky and the <br>Commonwealth, through utilization of the Northern Kentucky Convention Center to <br>enhance these and the public interest; (5) May adopt administrative regulations, as provided in KRS Chapter 13A, governing the operation, maintenance, or use of property under its custody and control; (6) May levy a surcharge on tickets for functions held within the center to contribute to operating revenue; (7) Shall have the exclusive control of all exhibitions, performances, and concessions in the Northern Kentucky Convention Center. The corporation shall have a prior lien <br>upon the property of any private exhibitor, concessionaire, or other person holding <br>an exhibition or performance or operating a concession in the center, and may sell <br>the property upon ten (10) days notice to satisfy any indebtedness: (8) Shall participate with local hotels and the travel industry to develop tourist packages and additional services to attract conferences and conventions to the region; (9) May establish an executive committee from among its membership with full authority to act between its meetings to the extent delegated by the corporation; and (10) May sue and be sued and maintain and defend legal actions in its corporate name. Effective: July 14, 1992 History: Created 1992 Ky. Acts ch. 99, sec. 3, effective July 14, 1992.