65.686 by a city or county before March 23, 2007. Effective on March 23, 2007, the provisions of KRS 65.680 to 65.699 shall apply only to development areas which are: (1) Established under KRS 65.686 by a city or county prior to March 23, 2007; and (2) Subject to the provisions of a grant contract executed prior to March 23, 2007.
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