State Codes and Statutes

State Codes and Statutes

Statutes > Kentucky > 074-00 > 470

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74.470 Authority to issue revenue bonds. For the purpose of acquiring, either by purchase or construction, sources of supply of <br>water or for making improvements and extensions to sources of supply of water, a <br>commission may issue revenue bonds payable solely from the revenues to be derived <br>pursuant to water supply contracts with the cities, water districts, water associations, <br>federal agencies, political subdivisions, or other public bodies as provided in KRS 74.420 <br>to 74.520. For that purpose the commission may issue revenue bonds and be vested with <br>all of the powers, duties, and responsibilities, including the power of condemnation, <br>delegated and granted to a &quot;governmental agency&quot; under the terms and provisions of KRS <br>Chapter 58, as the law now exists or as it may hereafter be amended. Under the law, the <br>term &quot;governmental agency&quot; means the &quot;commission&quot; and the term &quot;public project&quot; <br>means &quot;sources of supply of water.&quot; Effective: June 24, 2003 <br>History: Amended 2003 Ky. Acts ch. 167, sec. 6, effective June 24, 2003. -- Amended 1996 Ky. Acts ch. 122, sec. 6, effective July 15, 1996. -- Created 1960 Ky. Acts <br>ch. 207, sec. 6, effective June 16, 1960.