224A.308 Establishment of program to detect water loss from distribution lines or develop or maintain asset management plans -- Loans forgiven. (1) The authority shall establish a program to assist governmental agencies in detecting water loss from d istribution 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 audi t. (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 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 c h. 179, sec. 6, effective June 29, 2023. -- Created 2000 Ky. Acts ch. 529, sec. 9, effective July 14, 2000.
Kentucky Legal Code