2014 Kentucky Revised Statutes CHAPTER 96 - UTILITIES IN CITIES 96.5405 Sale, lease, or transfer of utility system in emergency by city with population of less than 1,000 -- Procedure.
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96.5405 Sale, lease, or transfer of utility system in emergency by city with
population of less than 1,000 -- Procedure. (Effective January 1, 2015)
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A city with a population of less than one thousand (1,000) based upon the most
recent federal decennial census may, in an emergency situation, sell, lease, or
otherwise transfer a utility system which it owns after obtaining the approval of
two-thirds (2/3) of the utility's customers by petition, as specified in this section,
without holding an election under KRS 96.540.
The city legislative body shall enact an ordinance pursuant to 83A.060 which
shall describe the terms of the proposed sale, lease, or other transfer of the
city-owned utility system, declare an emergency, and set out the reasons why
the proposed transaction is deemed to be an emergency. The ordinance also
shall set a deadline for obtaining the necessary signatures, and specify who
will certify the petition.
At least two (2) public hearings shall be held to inform the public of the
proposed sale, lease, or other transfer of the utility system, and to obtain public
comment on the proposal. The hearings shall be publicized at a minimum, in
accordance with KRS 424.130(1)(d).
The petition may consist of several separate units, and shall include a full
address and the date with each signature. Unless the ordinance provides
otherwise, only a person named on an account shall be a valid signer of the
petition. The utility shall make available a list of the names and addresses of all
current customers.
Effective:January 1, 2015
History: Amended 2014 Ky. Acts ch. 92, sec. 175, effective January 1, 2015. -Created 1990 Ky. Acts ch. 153, sec. 2, effective March 30, 1990.
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