224A.316 Legislative findings -- Program implementation -- Priority to regional
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/ky/224a-316A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
projects.
(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, including but not limited to projects
designed to correct state or federal deficiencies of a public water or wastewater
system that is being acquired as described in KRS 65.058, but only during the
forbearance period granted to the acquired public water or wastewater system under
that section.