Ky. Rev. Stat. Ann. ch. 175 – Turnpike Authority | Midpage

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Kentucky Revised Statutes

Chapter 175

Ky. Rev. Stat. Ann. ch. 175

Turnpike Authority

Commonwealth of Kentucky

175.410Definitions.175.420Legislative intent.175.425Purpose and status of turnpike authority.175.430Turnpike Authority of Kentucky -- Composition -- Meetings -- Quorum -- Corporate character.175.440Authority may undertake turnpike projects pursuant to agreement with department.175.450General powers of authority as to turnpike projects.175.460Contents of agreement between authority and department.175.470Leases between authority and department authorized -- Contents.175.480Policing of projects.175.490Grade separations -- Relocation or vacation of existing highways -- Rights of access -- Regulations as to public utility facilities on or along turnpike projects.175.500Turnpike revenue bonds of the authority.175.505Debt payment acceleration fund -- Revenue source -- Use to accelerate payment of turnpike authority debt.175.510Revenue bonds are not debt of Commonwealth.175.520Tolls for use of turnpikes -- Contracts for utility and service facilities -- Disposition of toll revenues.175.525Toll-road identification card -- Exemptions from tolls.175.530Trust indenture to secure bonds -- Rights and remedies of bondholders.175.540Trust funds.175.550Remedies of bondholders.175.560Turnpike properties and bonds are tax-exempt.175.570Status of turnpike bonds as investments.175.580Maintenance of turnpike -- Restoration of private property -- Donation of property by county or city -- Annual report of turnpike activities -- Audits -- Prohibition of interest of department or authority personnel.175.590Acquisition of property -- Condemnation -- Possession -- Special provisions for condemning railroad property.175.605Refunding bonds -- Purposes -- Factors to be taken into account -- Investment of proceeds -- Agreements and leases -- Securing bonds.175.610Transfer of turnpike to highway system after retirement of bonds.175.620Preliminary expenses of turnpike project.175.630Additional and alternative nature of chapter.175.640Legislative findings.175.650Definitions for KRS 175.640 to 175.690.175.660Authority with respect to resource recovery road projects.175.670Authorization to contract for and lease resource recovery road projects -- Bonds.175.680Revenue bonds.175.690Use of funds.175.750Legislative findings.175.760Definitions for KRS 175.750 to 175.810.175.770Power of turnpike authority to construct economic development road projects.175.780Power of turnpike authority to issue economic development road revenue bonds and notes.175.790Bonds secured solely by revenues derived from leasing project to cabinet -- Tolls prohibited.175.800Funds credited to state transportation fund (road fund) to be used for lease rental payments.175.810Economic development road account -- Transfer of funds to account.175.990Penalty.