United States — Kentucky
KRS § 96A.110 Responsibility for planning, coordination.
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An authority must plan mass transit in its transit area and coordinate with other relevant public planning agencies.
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United States — Kentucky
KRS § 96A.120 Permissible types of financing.
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An authority may use several financing methods for transit or mass transportation systems, including bond issuance and leases.
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KRS § 96A.130 Authority's bonds are legal investments.
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Certain public and private fiduciaries may legally invest funds in authority bonds.
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KRS § 96A.140 Tax-exempt nature of authority's property, bonds.
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An authority’s property, revenues, and bonds are exempt from specified state and local taxes, fees, licenses, and charges.
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KRS § 96A.150 Bond anticipation notes.
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An authority may issue bond anticipation notes for interim financing if it has recorded a determination to issue the related bonds.
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KRS § 96A.160 Power of other agencies to sell property to authority.
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Some public agencies may transfer property or facilities to an authority, and may also transfer related construction contracts if the facilities are not yet completed.
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KRS § 96A.170 Exemption from jurisdiction of Transportation Cabinet -- Cabinet assistance permitted.
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A transit authority created under this chapter is exempt from Transportation Cabinet jurisdiction, but new competing bus service needs Cabinet approval.
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KRS § 96A.180 Insurance of authority's properties.
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An authority must insure its properties, workers’ compensation, and public liability; it may instead self-insure and set prudent reserves, and it may insure its officers or employees.
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KRS § 96A.190 Annual audit -- Compliance with KRS 65A.010 to 65A.090.
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Each authority must hire a certified public accountant or firm to perform an annual audit and report on its finances and compliance.
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KRS § 96A.200 Duties to employees transferred from acquired system.
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If an authority acquires a transit system, it must keep existing labor and pension obligations and protect transferred employees’ benefits.
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KRS § 96A.210 Interstate transit authorities.
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Certain bordering counties and cities may form or join a transit authority, alone or with other local governments.
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KRS § 96A.220 Power to conduct studies, apply for subpoenas.
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A transit authority may study, gather information, and create programs needed to carry out this chapter, and it may seek subpoenas when necessary.
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KRS § 96A.230 Citation of chapter.
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This chapter may be cited as the "Kentucky Transit Authority Act."
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KRS § 96A.310 Legislative findings.
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Kentucky’s General Assembly states that mass transportation facilities are important to public health, safety, welfare, and efficient movement.
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KRS § 96A.320 Submission of proposal to establish program -- Voters -- Program financing.
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This section lets certain public bodies propose a mass transportation program and sets financing limits for the related taxes and fees.
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KRS § 96A.330 Resolution or ordinance to submit proposal to electorate -- Simultaneous elections in transit area -- Notice.
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A transit authority may ask member public bodies to put a mass transportation proposal to voters, and the public bodies must review the request; they may also require more information and, if they choose, submit the proposal to voters.
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KRS § 96A.340 Publication of resolution or ordinance -- Framing of proposal -- Majority required -- Status of voted levies.
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Public bodies must publish notice and prepare a referendum when submitting a mass transportation proposal, and approval depends on a majority yes vote.
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KRS § 96A.350 Elections -- Collection of tax receipts.
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This section assigns election, collection, fund-holding, and disbursement duties for certain transit-related tax receipts.
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KRS § 96A.360 Annual budget and report of transit authority required.
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A covered transit authority must file an annual budget and annual report with the relevant public body or bodies, and may have to provide other reports and data they reasonably require.
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KRS § 96A.370 Joint agreements and multimunicipal compacts -- Commuter transportation agreements.
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Public bodies and transit authorities may make and join transit-related agreements, and the Commonwealth may fund commuter transportation for employees, but those funds are limited and cannot subsidize individual employee fares.
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