Go to previous versions of this Section
2022 (you are here)
2021
2020
2019
2018
Other previous versions

2022 Kentucky Revised Statutes
Chapter 224A - Kentucky infrastructure authority
224A.316 Legislative findings -- Program implementation.

Universal Citation: KY Rev Stat § 224A.316 (2022)
Previous Next

Download as PDF
224A.316 Legislative findings -- Program implementation. (1) (2) In furtherance of the goal of making access to potable water and wastewater treatment available to all Kentuckians, the General Assembly finds and declares that governmental agencies should provide to water and wastewater systems the requisite financial resources to: (a) Develop the technical, managerial, and operational expertise needed to properly operate and maintain their drinking water and wastewater systems; (b) Conserve, protect, and maximize the resources needed to offer drinking water and wastewater systems and services; (c) Upgrade drinking water and wastewater systems and services to prevent water loss from degrading infrastructure; and (d) Leverage existing finance with anticipated federal dollars or with other sources as may be available from time to time to create a larger pool of finance for water and wastewater systems to make improvements while keeping customer rates affordable. The Kentucky Infrastructure Authority shall implement a program to assist governmental agencies that provide drinking water and wastewater services with the financial resources for both capital and non-capital expenses, including but not limited to: (a) Developing technical, operational, and maintenance resources and expertise; (b) Improving utility infrastructure planning, repair, maintenance, renovation, and management of plants and assets; (c) Obtaining technical expertise in areas of rate-setting, cost-of-service, and proper utility accounting standards for the utility type; (d) Performing and correcting deficiencies from drinking water, wastewater, and financial audits; (e) Providing finance for financial inadequacies, including debt service coverage through relief or refinance of the drinking water or wastewater system's debt; (f) Payment assistance for other financial inadequacies such as excessive maintenance costs, fines and penalties from past violations, or consultants; and (g) Extending finance for inadequately maintained distribution, collection, or treatment works, including service extensions to unserved or underserved areas and the renovation of treatment works to conserve resources. Effective: July 14, 2022 History: Created 2022 Ky. Acts ch. 177, sec. 1, effective July 14, 2022.
Previous Next
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.