Ky. Rev. Stat. § 175B.110

Current through 2024 Ky. Acts ch.225

Section 175B.110 - Indemnification from liability for an authority's board members, officers, and employees

Board members, officers, and employees of each authority authorized under this chapter shall be indemnified from liability asserted by any person on the bonds or notes of the authority, or any personal liability or accountability by reason of:

(1) The issuance of bonds, notes, or guarantees;

(2) The acquisition, construction, ownership, or operation of any project funded in whole or part by the authority; or

(3) Any other action taken or the failure to act by the authority.

KRS 175B.110

Effective:6/26/2009
Created 2009, (1st Extra. Sess.) Ky. Acts ch. 1, sec. 96, effective6/26/2009.