An entity involved in producing or financing arts on a local or statewide bas is, since the inception of fiscal year 2004-2005, which received a total of twenty-five thousand dollars ($25,000) or less as a result of appropriations or grants from state or local governmental units, shall be exempt from the requirements of: (1) KRS 61.805 to 61.850; and (2) KRS 61.870 to 61.884.
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