Kentucky Statutes 224A.316 – Legislative findings — Program implementation — Priority to regional projects
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(1) In furtherance of the goal of making access to public water and wastewater systems more resilient and available to the public, 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 and inflow and infiltration 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.
(2) 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.
(3) The authority shall give priority for projects that are regional in nature and achieve the purposes set out in KRS § 224A.300.
Effective: June 29, 2023
History: Amended 2023 Ky. Acts ch. 179, sec. 9, effective June 29, 2023. — Created
2022 Ky. Acts ch. 177, sec. 1, effective July 14, 2022.
(a) Develop the technical, managerial, and operational expertise needed to properly operate and maintain their drinking water and wastewater systems;
Terms Used In Kentucky Statutes 224A.316
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Authority: means the Kentucky Infrastructure Authority, which is created by this chapter. See Kentucky Statutes 224A.011
- Federal: refers to the United States. See Kentucky Statutes 446.010
- 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
- Treatment: when used in a criminal justice context, means targeted interventions
that focus on criminal risk factors in order to reduce the likelihood of criminal behavior. See Kentucky Statutes 446.010 - Wastewater: means any water or liquid substance containing sewage, industrial waste, or other pollutants or contaminants derived from the prior use of these waters. See Kentucky Statutes 224A.011
(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 and inflow and infiltration 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.
(2) 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.
(3) The authority shall give priority for projects that are regional in nature and achieve the purposes set out in KRS § 224A.300.
Effective: June 29, 2023
History: Amended 2023 Ky. Acts ch. 179, sec. 9, effective June 29, 2023. — Created
2022 Ky. Acts ch. 177, sec. 1, effective July 14, 2022.