Kentucky Statutes 224A.190 – Imposition of service charges by local governmental agencies
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(1) Each governmental agency which has entered into an assistance agreement with the authority whereby such governmental agency has covenanted to impose service charges and remit same to the authority, shall, as provided in such assistance agreement, at the due time impose such service charges, use and employ all of such governmental agency’s power and authority to enforce and collect such service charges, including requiring termination of water service to any delinquent user, and promptly remit the amounts collected as representing service charges from its users directly to the authority. All such service charges shall be remitted to the authority with a report showing collections and any delinquencies, such report to be made on or before the twentieth day of the month following the payment of such service charges.
(2) All sums received by the authority as representing service charges generated by assistance agreements shall constitute authority revenues and shall be used, treated, and employed by the authority in accordance with the provisions of this chapter.
(3) In the event, for any reason, the schedule of service charges levied by the governmental agency in accordance with an assistance agreement shall prove to be insufficient to afford repayment to the authority of the minimum sums stipulated in KRS § 224A.100, in accordance with the agreed repayment schedule, the authority shall forthwith advise the governmental agency, and the governmental agency shall promptly adjust such service charges so as to provide funds sufficient for such payments to the authority in accordance with the terms and conditions of the assistance agreement. As provided in this chapter, the authority may compel any such governmental agency to adjust such service charges to meet the requirements of any assistance agreement, or may proceed to adjust, levy, and collect such service charges itself, in the name of the authority, and for the benefit of the authority, such direct levies and collections to additionally provide sums sufficient for the costs of levying, billing, and collecting such service charges.
History: Created 1972 Ky. Acts ch. 329, sec. 19.
(2) All sums received by the authority as representing service charges generated by assistance agreements shall constitute authority revenues and shall be used, treated, and employed by the authority in accordance with the provisions of this chapter.
Terms Used In Kentucky Statutes 224A.190
- Assistance agreement: means the agreement to be made and entered into by and between a governmental agency or a private entity and the authority, as authorized by this chapter, providing for a lease, loan, services, or grant to a governmental agency or a private entity or for the purchase of obligations issued by the governmental agency, and for the repayment thereof to the authority by the governmental agency or a private entity. See Kentucky Statutes 224A.011
- Authority: means the Kentucky Infrastructure Authority, which is created by this chapter. See Kentucky Statutes 224A.011
- Authority revenues: means the totality of all: (a) Service charges. See Kentucky Statutes 224A.011
- Governmental agency: means any incorporated city or municipal corporation, or other agency, or unit of government within or a department or a cabinet of the Commonwealth of Kentucky, now having or hereafter granted, the authority and power to finance, acquire, construct, or operate infrastructure or solid waste projects. See Kentucky Statutes 224A.011
- Month: means calendar month. See Kentucky Statutes 446.010
(3) In the event, for any reason, the schedule of service charges levied by the governmental agency in accordance with an assistance agreement shall prove to be insufficient to afford repayment to the authority of the minimum sums stipulated in KRS § 224A.100, in accordance with the agreed repayment schedule, the authority shall forthwith advise the governmental agency, and the governmental agency shall promptly adjust such service charges so as to provide funds sufficient for such payments to the authority in accordance with the terms and conditions of the assistance agreement. As provided in this chapter, the authority may compel any such governmental agency to adjust such service charges to meet the requirements of any assistance agreement, or may proceed to adjust, levy, and collect such service charges itself, in the name of the authority, and for the benefit of the authority, such direct levies and collections to additionally provide sums sufficient for the costs of levying, billing, and collecting such service charges.
History: Created 1972 Ky. Acts ch. 329, sec. 19.