175.410 Definitions.
Download pdf
Loading PDF...
<![CDATA[175.410 Definitions. As used in this chapter, the following words shall have the following respective <br>meanings, unless another or different meaning or intent shall be clearly indicated by the <br>context: <br>(1) The word "authority" shall mean the Turnpike Authority of Kentucky; <br>(2) The word "department" shall mean the Department of Highways, or, if said department shall be abolished, the bureau, board, body or commission succeeding to <br>the principal functions thereof or to whom the powers given by KRS 177.390 to <br>177.570 to the department shall be given by law; (3) The word "project" or the words "turnpike project" shall mean any express highway or superhighway or such part or parts thereof as may be constructed by the authority <br>under the provisions of this chapter, including all bridges, tunnels, overpasses, <br>underpasses, interchanges, entrance plazas, approaches, connecting highways, <br>tollhouses, service stations, garages, restaurants, and administration, storage and <br>other buildings and facilities which the authority may deem necessary for the <br>operation of such project, together with all property, rights, easements and interests <br>which may be acquired by the authority or by the department for the construction or <br>the operation of such project; (4) The word "cost" as applied to a turnpike project shall embrace the cost of construction, the cost of the acquisition of all land, rights of way, property, rights, <br>easements and interests acquired for such construction, the cost of demolishing or <br>removing any buildings or structures on land so acquired, including the cost of <br>acquiring any lands to which such buildings or structures may be moved, the cost of <br>all machinery and equipment, financing charges, provision for working capital in <br>such amount as the authority shall determine to be reasonable, interest prior to and <br>during construction and, if deemed advisable by the authority, for a period not <br>exceeding two (2) years after completion of construction, cost of traffic estimates, <br>engineering and legal expenses, cost of plans, specifications, surveys, estimates of <br>cost and of revenues, other expenses as may be necessary or incident to determining <br>the feasibility or practicability of constructing any such project, administrative <br>expenses, and such other expense as may be necessary or incident to the <br>construction of the project, the financing of such construction and the placing of the <br>project in operation. Any obligation or expense hereafter incurred for a turnpike <br>project by the authority or by the department on behalf of the authority, and any <br>obligation or expense heretofore incurred by the department for any such turnpike <br>project, for traffic surveys, borings, preparation of plans and specifications, <br>engineering, and other services in connection with the construction of a project may <br>be regarded as a part of the cost of such project and may, if advanced by the <br>department, be reimbursed to it out of the proceeds of turnpike revenue bonds of the <br>authority; (5) The words "public highways" shall include all public highways, roads and streets in the Commonwealth, whether maintained by the Commonwealth or by any county, <br>city, town or other political subdivision or agency; (6) The word "bonds" or the words "revenue bonds" or "turnpike revenue bonds" shall mean revenue bonds or revenue refunding bonds of the authority issued under the <br>provisions of this chapter; (7) The word "owner" shall include all individuals, copartnerships, associations, or corporations having any title or interest in any property, rights, easements or <br>interests authorized by this chapter to be acquired; (8) The word "agreement" shall mean a written agreement, made by and between the authority and the department under the provisions of KRS 175.460, providing for <br>the financing and constructing of one (1) or more turnpike projects by the authority; (9) The word "lease" shall mean a written lease made by the authority as lessor and the department as lessee under the provisions of KRS 175.470, relating to one (1) or <br>more turnpike projects financed and constructed by the authority; (10) The word "biennium" or the words "biennial period" or "biennial term" shall mean the two (2) year fiscal period of the Commonwealth, commencing on July 1 in each <br>even-numbered year and ending on June 30 in the next ensuing even-numbered <br>year. Effective: March 25, 1960 <br>History: Created 1960 Ky. Acts ch. 173, sec. 3, effective March 25, 1960. ]]>