State Codes and Statutes

Statutes > Kentucky > 067A00 > 871

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67A.871 Definitions for KRS 67A.872 to 67A.894. As used in KRS 67A.872 to 67A.894, the following words or terms shall have the <br>respective meanings indicated, unless a different meaning is clearly indicated by the <br>context: <br>(1) &quot;Assessed value basis&quot; means the plan for the levying of improvement benefit assessments upon benefited property for benefits conferred by construction of <br>projects on the basis of the assessed values (land only) of the benefited property, <br>whether such levies are paid in full by benefited property owners or levied annually <br>to amortize bonds. Such plan shall also include the levying of identical <br>improvement benefit assessments upon classified zones of benefited property where <br>determination is made by ordinance of an urban-county government, as provided in <br>KRS 67A.872 to 67A.894, that benefits conferred by construction of a project are <br>substantially equal and that the assessed value (land only) of all benefited property <br>or designated zones thereof shall therefore be deemed equal in respect of a given <br>wastewater collection project. (2) &quot;Benefited property, and property to be benefited&quot; mean the property (land only) proposed to be benefited by construction of a wastewater collection project <br>instituted by an urban-county government for the payment of the costs of which <br>improvement benefit assessments are to be levied against and collected from such <br>benefited property. (3) &quot;Bonds&quot; mean improvement lien bonds authorized and issued by urban-county governments pursuant to authority of KRS 67A.872 to 67A.894 for the purpose of <br>providing costs for the construction of wastewater collection projects. (4) &quot;Construction&quot; means and includes, the following services and facilities provided by an urban-county government: <br>(a) Preliminary planning to determine the economic and engineering feasibility of construction of wastewater collection projects, any engineering, architectural, <br>legal, fiscal and economic investigations and studies necessary thereto, and all <br>necessary surveys, designs, plans, working drawings, specifications, <br>procedures and other required actions incident to the construction of <br>wastewater collection projects; (b) The building, acquisition, installation, erection, alteration, remodeling, improvements, expansion or extension of wastewater collection projects, and <br>any other physical devices or appurtenances in connection with, or reasonably <br>attendant to, such projects; (c) The provision or making available sewer collection services to benefited property by providing sewer facilities to such benefited property although not <br>directly financed by the issuance of bonds; and (d) Inspection and supervision incident to the acquisition, construction and installation of wastewater collection projects. (5) &quot;Costs&quot; as such term shall be applied to any wastewater collection project undertaken under KRS 67A.872 to 67A.894 includes the cost of labor, materials <br>and equipment necessary to acquire, install and complete the project in a satisfactory manner, cost of land acquired, and every expense connected with the <br>project, including construction costs, preliminary and other surveys, financial <br>planning, inspections of the work as construction progresses, engineers' fees and <br>costs, preparation of plans and specifications, publication of ordinances and notices, <br>interest which will accrue on the bonds until the due date of the first annual <br>improvement assessment levied in connection therewith, capitalized interest on the <br>bonds for a period not to exceed three (3) years, a sum equal to any discount in the <br>sale of the bonds (if discount bids are authorized and permitted by the issuing <br>government), all or any portion of the debt service reserve requirement, if <br>determination is made to finance them from bond proceeds, a reasonable allowance <br>for unforeseen contingencies, the printing of bonds and other costs of financing, <br>including payment of attorneys' fees, underwriting and fiscal agency fees, trustees' <br>fees, rating service fees and costs of issuance of bonds. (6) &quot;Debt service reserve requirement&quot; means, with respect to any particular issue of bonds, the maximum annual requirements for payment of principal of and interest <br>on the bond issue, which debt service reserve requirement shall be either funded in <br>whole or in part by application of bond proceeds, or accrued in due course by the <br>levying of improvement benefit assessments as provided in KRS 67A.872 to <br>67A.894. (7) &quot;Government or urban-county government&quot; means an urban-county government which has been duly created and established pursuant to the provisions of this <br>chapter. (8) &quot;Ordinance&quot; means a formal and binding enactment of the urban-county council of an urban-county government entered in connection with the financing by such <br>government of a wastewater collection project. (9) &quot;Public ways&quot; shall include streets, boulevards, avenues, roads, lanes, alleys, parkways, courts, terraces and other courses of travel open to the general public by <br>whatsoever name designated. (10) &quot;Wastewater&quot; means any water or liquid substance containing sewage, industrial waste or other pollutants or contaminants derived from the prior use of such water <br>or liquid substance. (11) &quot;Wastewater collection project or projects&quot; means all or any part of any facilities, devices, objects and systems used and useful in the collection, holding or <br>transmission of wastewater from a benefited property to wastewater treatment <br>plants or other similar facilities for final disposition thereof. Such terms shall <br>include, without limiting the generality of the foregoing, sanitary sewage collection <br>lines, intercepting sewers, outfall sewers, sewer laterals, power stations and <br>pumping stations, and other equipment and their appurtenances necessary to enable <br>the project to fulfill its function, including land acquisition, whether such project <br>facilities are provided by funds derived from issuance of bonds or otherwise <br>provided by a government in any manner. Effective: March 30, 1976 <br>History: Created 1976 Ky. Acts ch. 371, sec. 1, effective March 30, 1976. Legislative Research Commission Note. A technical correction has been made in this section by the Reviser of Statutes pursuant to KRS 7.136.

State Codes and Statutes

Statutes > Kentucky > 067A00 > 871

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67A.871 Definitions for KRS 67A.872 to 67A.894. As used in KRS 67A.872 to 67A.894, the following words or terms shall have the <br>respective meanings indicated, unless a different meaning is clearly indicated by the <br>context: <br>(1) &quot;Assessed value basis&quot; means the plan for the levying of improvement benefit assessments upon benefited property for benefits conferred by construction of <br>projects on the basis of the assessed values (land only) of the benefited property, <br>whether such levies are paid in full by benefited property owners or levied annually <br>to amortize bonds. Such plan shall also include the levying of identical <br>improvement benefit assessments upon classified zones of benefited property where <br>determination is made by ordinance of an urban-county government, as provided in <br>KRS 67A.872 to 67A.894, that benefits conferred by construction of a project are <br>substantially equal and that the assessed value (land only) of all benefited property <br>or designated zones thereof shall therefore be deemed equal in respect of a given <br>wastewater collection project. (2) &quot;Benefited property, and property to be benefited&quot; mean the property (land only) proposed to be benefited by construction of a wastewater collection project <br>instituted by an urban-county government for the payment of the costs of which <br>improvement benefit assessments are to be levied against and collected from such <br>benefited property. (3) &quot;Bonds&quot; mean improvement lien bonds authorized and issued by urban-county governments pursuant to authority of KRS 67A.872 to 67A.894 for the purpose of <br>providing costs for the construction of wastewater collection projects. (4) &quot;Construction&quot; means and includes, the following services and facilities provided by an urban-county government: <br>(a) Preliminary planning to determine the economic and engineering feasibility of construction of wastewater collection projects, any engineering, architectural, <br>legal, fiscal and economic investigations and studies necessary thereto, and all <br>necessary surveys, designs, plans, working drawings, specifications, <br>procedures and other required actions incident to the construction of <br>wastewater collection projects; (b) The building, acquisition, installation, erection, alteration, remodeling, improvements, expansion or extension of wastewater collection projects, and <br>any other physical devices or appurtenances in connection with, or reasonably <br>attendant to, such projects; (c) The provision or making available sewer collection services to benefited property by providing sewer facilities to such benefited property although not <br>directly financed by the issuance of bonds; and (d) Inspection and supervision incident to the acquisition, construction and installation of wastewater collection projects. (5) &quot;Costs&quot; as such term shall be applied to any wastewater collection project undertaken under KRS 67A.872 to 67A.894 includes the cost of labor, materials <br>and equipment necessary to acquire, install and complete the project in a satisfactory manner, cost of land acquired, and every expense connected with the <br>project, including construction costs, preliminary and other surveys, financial <br>planning, inspections of the work as construction progresses, engineers' fees and <br>costs, preparation of plans and specifications, publication of ordinances and notices, <br>interest which will accrue on the bonds until the due date of the first annual <br>improvement assessment levied in connection therewith, capitalized interest on the <br>bonds for a period not to exceed three (3) years, a sum equal to any discount in the <br>sale of the bonds (if discount bids are authorized and permitted by the issuing <br>government), all or any portion of the debt service reserve requirement, if <br>determination is made to finance them from bond proceeds, a reasonable allowance <br>for unforeseen contingencies, the printing of bonds and other costs of financing, <br>including payment of attorneys' fees, underwriting and fiscal agency fees, trustees' <br>fees, rating service fees and costs of issuance of bonds. (6) &quot;Debt service reserve requirement&quot; means, with respect to any particular issue of bonds, the maximum annual requirements for payment of principal of and interest <br>on the bond issue, which debt service reserve requirement shall be either funded in <br>whole or in part by application of bond proceeds, or accrued in due course by the <br>levying of improvement benefit assessments as provided in KRS 67A.872 to <br>67A.894. (7) &quot;Government or urban-county government&quot; means an urban-county government which has been duly created and established pursuant to the provisions of this <br>chapter. (8) &quot;Ordinance&quot; means a formal and binding enactment of the urban-county council of an urban-county government entered in connection with the financing by such <br>government of a wastewater collection project. (9) &quot;Public ways&quot; shall include streets, boulevards, avenues, roads, lanes, alleys, parkways, courts, terraces and other courses of travel open to the general public by <br>whatsoever name designated. (10) &quot;Wastewater&quot; means any water or liquid substance containing sewage, industrial waste or other pollutants or contaminants derived from the prior use of such water <br>or liquid substance. (11) &quot;Wastewater collection project or projects&quot; means all or any part of any facilities, devices, objects and systems used and useful in the collection, holding or <br>transmission of wastewater from a benefited property to wastewater treatment <br>plants or other similar facilities for final disposition thereof. Such terms shall <br>include, without limiting the generality of the foregoing, sanitary sewage collection <br>lines, intercepting sewers, outfall sewers, sewer laterals, power stations and <br>pumping stations, and other equipment and their appurtenances necessary to enable <br>the project to fulfill its function, including land acquisition, whether such project <br>facilities are provided by funds derived from issuance of bonds or otherwise <br>provided by a government in any manner. Effective: March 30, 1976 <br>History: Created 1976 Ky. Acts ch. 371, sec. 1, effective March 30, 1976. Legislative Research Commission Note. A technical correction has been made in this section by the Reviser of Statutes pursuant to KRS 7.136.

State Codes and Statutes

State Codes and Statutes

Statutes > Kentucky > 067A00 > 871

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67A.871 Definitions for KRS 67A.872 to 67A.894. As used in KRS 67A.872 to 67A.894, the following words or terms shall have the <br>respective meanings indicated, unless a different meaning is clearly indicated by the <br>context: <br>(1) &quot;Assessed value basis&quot; means the plan for the levying of improvement benefit assessments upon benefited property for benefits conferred by construction of <br>projects on the basis of the assessed values (land only) of the benefited property, <br>whether such levies are paid in full by benefited property owners or levied annually <br>to amortize bonds. Such plan shall also include the levying of identical <br>improvement benefit assessments upon classified zones of benefited property where <br>determination is made by ordinance of an urban-county government, as provided in <br>KRS 67A.872 to 67A.894, that benefits conferred by construction of a project are <br>substantially equal and that the assessed value (land only) of all benefited property <br>or designated zones thereof shall therefore be deemed equal in respect of a given <br>wastewater collection project. (2) &quot;Benefited property, and property to be benefited&quot; mean the property (land only) proposed to be benefited by construction of a wastewater collection project <br>instituted by an urban-county government for the payment of the costs of which <br>improvement benefit assessments are to be levied against and collected from such <br>benefited property. (3) &quot;Bonds&quot; mean improvement lien bonds authorized and issued by urban-county governments pursuant to authority of KRS 67A.872 to 67A.894 for the purpose of <br>providing costs for the construction of wastewater collection projects. (4) &quot;Construction&quot; means and includes, the following services and facilities provided by an urban-county government: <br>(a) Preliminary planning to determine the economic and engineering feasibility of construction of wastewater collection projects, any engineering, architectural, <br>legal, fiscal and economic investigations and studies necessary thereto, and all <br>necessary surveys, designs, plans, working drawings, specifications, <br>procedures and other required actions incident to the construction of <br>wastewater collection projects; (b) The building, acquisition, installation, erection, alteration, remodeling, improvements, expansion or extension of wastewater collection projects, and <br>any other physical devices or appurtenances in connection with, or reasonably <br>attendant to, such projects; (c) The provision or making available sewer collection services to benefited property by providing sewer facilities to such benefited property although not <br>directly financed by the issuance of bonds; and (d) Inspection and supervision incident to the acquisition, construction and installation of wastewater collection projects. (5) &quot;Costs&quot; as such term shall be applied to any wastewater collection project undertaken under KRS 67A.872 to 67A.894 includes the cost of labor, materials <br>and equipment necessary to acquire, install and complete the project in a satisfactory manner, cost of land acquired, and every expense connected with the <br>project, including construction costs, preliminary and other surveys, financial <br>planning, inspections of the work as construction progresses, engineers' fees and <br>costs, preparation of plans and specifications, publication of ordinances and notices, <br>interest which will accrue on the bonds until the due date of the first annual <br>improvement assessment levied in connection therewith, capitalized interest on the <br>bonds for a period not to exceed three (3) years, a sum equal to any discount in the <br>sale of the bonds (if discount bids are authorized and permitted by the issuing <br>government), all or any portion of the debt service reserve requirement, if <br>determination is made to finance them from bond proceeds, a reasonable allowance <br>for unforeseen contingencies, the printing of bonds and other costs of financing, <br>including payment of attorneys' fees, underwriting and fiscal agency fees, trustees' <br>fees, rating service fees and costs of issuance of bonds. (6) &quot;Debt service reserve requirement&quot; means, with respect to any particular issue of bonds, the maximum annual requirements for payment of principal of and interest <br>on the bond issue, which debt service reserve requirement shall be either funded in <br>whole or in part by application of bond proceeds, or accrued in due course by the <br>levying of improvement benefit assessments as provided in KRS 67A.872 to <br>67A.894. (7) &quot;Government or urban-county government&quot; means an urban-county government which has been duly created and established pursuant to the provisions of this <br>chapter. (8) &quot;Ordinance&quot; means a formal and binding enactment of the urban-county council of an urban-county government entered in connection with the financing by such <br>government of a wastewater collection project. (9) &quot;Public ways&quot; shall include streets, boulevards, avenues, roads, lanes, alleys, parkways, courts, terraces and other courses of travel open to the general public by <br>whatsoever name designated. (10) &quot;Wastewater&quot; means any water or liquid substance containing sewage, industrial waste or other pollutants or contaminants derived from the prior use of such water <br>or liquid substance. (11) &quot;Wastewater collection project or projects&quot; means all or any part of any facilities, devices, objects and systems used and useful in the collection, holding or <br>transmission of wastewater from a benefited property to wastewater treatment <br>plants or other similar facilities for final disposition thereof. Such terms shall <br>include, without limiting the generality of the foregoing, sanitary sewage collection <br>lines, intercepting sewers, outfall sewers, sewer laterals, power stations and <br>pumping stations, and other equipment and their appurtenances necessary to enable <br>the project to fulfill its function, including land acquisition, whether such project <br>facilities are provided by funds derived from issuance of bonds or otherwise <br>provided by a government in any manner. Effective: March 30, 1976 <br>History: Created 1976 Ky. Acts ch. 371, sec. 1, effective March 30, 1976. Legislative Research Commission Note. A technical correction has been made in this section by the Reviser of Statutes pursuant to KRS 7.136.