Kentucky Statutes 353.402 – Definitions for KRS 353.400 to 353.410
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As used in KRS § 353.400 to KRS § 353.410, unless the context requires otherwise:
(1) “Gas acquisition authority” or “authority” means a natural gas acquisition authority created pursuant to this section;
(2) “Bond” means any bond, note, or other evidence of indebtedness issued by an
Authority;
(3) “Gas” or “natural gas” means natural gas or any substitute for natural gas, including synthetic natural gas, liquefied natural gas, coal gas, or other substance usable in lieu of natural gas;
(4) “Municipal utility” means any public agency that:
(a) Provides gas or electric service to retail customers within a municipal service area; or
(b) Provides wholesale natural gas supply services to public agencies described in paragraph (a) of this subsection.
(5) “Project” means any plant, works, system, facility, other real or personal property, and interests therein, including drilling rights, operating rights, royalties, overriding royalties, and other rights, titles, and interests, production payments, gas purchase contracts, prepaid gas purchase contracts, and other contractual rights and interests necessary or convenient for the acquisition, transportation, storage, or management of natural gas for the purpose of providing the supply requirements of municipal utilities; and
(6) “Public agency” has the same meaning as specified in KRS § 65.230.
Effective: July 15, 2008
History: Created 2008 Ky. Acts ch. 159, sec. 2, effective July 15, 2008.
(1) “Gas acquisition authority” or “authority” means a natural gas acquisition authority created pursuant to this section;
Terms Used In Kentucky Statutes 353.402
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Gas: means natural gas. See Kentucky Statutes 353.010
- Personal property: All property that is not real property.
(2) “Bond” means any bond, note, or other evidence of indebtedness issued by an
Authority;
(3) “Gas” or “natural gas” means natural gas or any substitute for natural gas, including synthetic natural gas, liquefied natural gas, coal gas, or other substance usable in lieu of natural gas;
(4) “Municipal utility” means any public agency that:
(a) Provides gas or electric service to retail customers within a municipal service area; or
(b) Provides wholesale natural gas supply services to public agencies described in paragraph (a) of this subsection.
(5) “Project” means any plant, works, system, facility, other real or personal property, and interests therein, including drilling rights, operating rights, royalties, overriding royalties, and other rights, titles, and interests, production payments, gas purchase contracts, prepaid gas purchase contracts, and other contractual rights and interests necessary or convenient for the acquisition, transportation, storage, or management of natural gas for the purpose of providing the supply requirements of municipal utilities; and
(6) “Public agency” has the same meaning as specified in KRS § 65.230.
Effective: July 15, 2008
History: Created 2008 Ky. Acts ch. 159, sec. 2, effective July 15, 2008.