Kentucky Statutes 224A.308 – Establishment of program to detect water loss from distribution lines or develop or maintain asset management plans — Loans forgiven
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(1) The authority shall establish a program to assist governmental agencies in detecting water loss from distribution lines or develop or maintain asset management plans. This may include contracting with third parties to conduct water loss audits, the creation of asset management plans, and leak detection. The assistance may include giving low interest loans, on a priority basis established by the authority consistent with the findings and purposes set out in KRS § 224A.300, for the repair or replacement of distribution facilities, deemed reasonable by the authority, undertaken as a result of the water loss audit.
(2) The authority may forgive any amount of a distribution facility repair or replacement loan from the authority remaining unpaid if:
(a) Within five (5) years of entering into the loan agreement the governmental agency merges with or consolidates with at least one (1) other public or private water system; and
(b) The merger or consolidation is consistent with a water management planning council plan as reviewed and prioritized under KRS § 151.607.
Effective: June 29, 2023
History: Amended 2023 Ky. Acts ch. 179, sec. 6, effective June 29, 2023. — Created
2000 Ky. Acts ch. 529, sec. 9, effective July 14, 2000.
(2) The authority may forgive any amount of a distribution facility repair or replacement loan from the authority remaining unpaid if:
Terms Used In Kentucky Statutes 224A.308
- Authority: means the Kentucky Infrastructure Authority, which is created by this chapter. 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
- System: means the system owned and operated by a governmental agency with respect to solid waste projects, treatment works, or infrastructure projects financed as provided by the assistance agreement between the governmental agency and the authority. See Kentucky Statutes 224A.011
(a) Within five (5) years of entering into the loan agreement the governmental agency merges with or consolidates with at least one (1) other public or private water system; and
(b) The merger or consolidation is consistent with a water management planning council plan as reviewed and prioritized under KRS § 151.607.
Effective: June 29, 2023
History: Amended 2023 Ky. Acts ch. 179, sec. 6, effective June 29, 2023. — Created
2000 Ky. Acts ch. 529, sec. 9, effective July 14, 2000.