Section 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 distribution 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 audit.(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 under KRS 151.607.Amended by 2023 Ky. Acts ch. 179,§ 6, eff. 6/28/2023.Effective:7/14/2000
Created 2000, Ky. Acts ch. 529, sec. 9, effective7/14/2000.