224A.040 Construction or acquisition of infrastructure projects or improvement of public drinking water and wastewater systems
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KY Code › Title XVIII › Chapter 224A › Section 224A.040
Text
224A.040 Construction or acquisition of infrastructure projects or improvement of
public drinking water and wastewater systems.
The authority may, pursuant to the terms, conditions, restrictions and requirements of this
chapter, assist with the construction or acquisition of infrastructure projects or with the
improvement of the technical, managerial, or operational capacity of public drinking
water and wastewater systems by:
(1) Leasing an infrastructure project;
(2) Making loans or grants as funds are available, to any governmental agency; or
(3) Purchasing obligations of a governmental agency, provided that any financial
assistance supplied to the governmental agency, as defined in KRS 224A.011, will
not cause the interest on current or future state agency or authority obligations, if
excludable from gross income for federal tax purposes, to be included in gross
income for federal tax purposes.
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