# KRS § 224A.040: 224A.040 Construction or acquisition of infrastructure projects or improvement of public drinking water and wastewater systems

> Kentucky · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_KY_TXVIII_C224A_S224A.040

## Section

- **Citation:** KRS § 224A.040
- **Heading:** 224A.040 Construction or acquisition of infrastructure projects or improvement of public drinking water and wastewater systems
- **Jurisdiction:** Kentucky
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** 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.

## Nearby sections

- [KRS § 224A.011 224A.011 Definitions for chapter](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXVIII_C224A_S224A.011.md)
- [KRS § 224A.013 224A.013 Remediation of property as qualified infrastructure project](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXVIII_C224A_S224A.013.md)
- [KRS § 224A.020 224A.020 Legislative finding as to infrastructure projects](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXVIII_C224A_S224A.020.md)
- [KRS § 224A.030 224A.030 Creation of Kentucky Infrastructure Authority -- Membership](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXVIII_C224A_S224A.030.md)
- [KRS § 224A.035 224A.035 Purpose and status of Kentucky Infrastructure Authority](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXVIII_C224A_S224A.035.md)
- [KRS § 224A.040 224A.040 Construction or acquisition of infrastructure projects or improvement of public drinking water and wastewater systems](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXVIII_C224A_S224A.040.md)
- [KRS § 224A.050 224A.050 Use of funds](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXVIII_C224A_S224A.050.md)
- [KRS § 224A.060 224A.060 Authority is taxing district -- Power to levy taxes](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXVIII_C224A_S224A.060.md)
- [KRS § 224A.070 224A.070 Powers](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXVIII_C224A_S224A.070.md)
- [KRS § 224A.080 224A.080 Correlative powers of other governmental agencies](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXVIII_C224A_S224A.080.md)
- [KRS § 224A.085 224A.085 Interim financing](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXVIII_C224A_S224A.085.md)
- [KRS § 224A.090 224A.090 Payment of study expenses from revenue bond proceeds](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXVIII_C224A_S224A.090.md)
- [KRS § 224A.100 224A.100 Assistance agreements -- Contents -- Review by legislative committee](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXVIII_C224A_S224A.100.md)
- [KRS § 224A.110 224A.110 Deposit of moneys -- Use of revenues](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXVIII_C224A_S224A.110.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_KY_TXVIII_C224A_S224A.040. Check the current official text before relying on it. Not legal advice.