A sewage system owned by any municipality, political subdivision, or any other entity, public or private, may be made a construction subdistrict or incorporated into the district area by the board under the conditions of this section.
(1) Any such system may be made a construction subdistrict only when:
(a) Express, written consent of all bondholders and secured creditors has been obtained;
(b) The governing body or owner of such district or system has consented in writing; and
(c) The board has determined that the policy of KRS § 220.010 to KRS § 220.540 will best be served by making such district or system a construction subdistrict.
(2) When such district or system has been made a construction subdistrict under subsection (1), KRS § 220.553 to KRS § 220.575 and KRS § 220.583 to KRS § 220.587 shall not apply to it.
(3) Any such system may be incorporated by the board into the district areas only when: (a) All debts of the system have been paid or an amount of either money or
securities lawful as investments under KRS § 386.020 has been laid aside to pay
them by the governing body or owner of such district or system;
(b) The governing body or owner of such system has consented in writing;
(c) The board has determined that the policy of KRS § 220.010 to KRS § 220.540 will best be served by incorporating such district or system into the district area.
Effective: June 17, 1978
History: Amended 1978 Ky. Acts ch. 384, sec. 85, effective June 17, 1978. — Created
1966 Ky. Acts ch. 92, sec. 25.