There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
CHAPTER 224A KENTUCKY INFRASTRUCTURE AUTHORITY
224A.200 Assistance agreements may contain provision for reduction of payments to authority.
Download pdftaxing district and taxing authority with the right to levy in its own name and for its
proper public and essential governmental purposes a water utility tax on every purchase
of water service in the Commonwealth of Kentucky in an amount equal to not more than
two percent (2%) of the gross amount of each such water bill. Any assistance agreements
entered into by and between the authority and governmental agencies may provide by
their terms that service charges levied by governmental agencies for payment to the
authority in accordance with this chapter, may be reduced, diminished or extinguished to
the extent that the authority has, during any fiscal period of the authority, levied and
collected water utility taxes pursuant to this chapter, or to the extent that other authority
revenues have been received by the authority, or to maximize federal grant participation
in the state, such reduction, diminution or extinguishment of service charges to be based
upon formulas, procedures, and other rules and regulations which shall be prescribed by
the authority from time to time pursuant to its power to make, promulgate, and enact
rules, regulations and bylaws; provided, however, that such adjustment agreement shall
not void, abate or render nugatory any other provisions of any assistance agreements. History: Created 1972 Ky. Acts ch. 329, sec. 20.
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