Kentucky Statutes 353.750 – Definitions for KRS 353.750 to 353.776
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As used in KRS § 353.750 to KRS § 353.776, unless the context requires otherwise:
(1) “Agreement” means a written contract between the authority and any person or persons, firm, corporation, local government, or public entity providing for or relating to the financing of the construction, reconstruction, improvement, or repair of one (1) or more projects of the authority;
(2) “Authority” means the Kentucky Gas Pipeline Authority created by KRS § 353.752; (3) “Bonds” mean revenue bonds, notes, or other obligations issued under the
provisions of KRS § 353.756, 353.758, or 353.768;
(4) “Cost” means the expenditures for construction, acquisition, financing charges, interest prior to and during construction, principal and interest on any bonds or notes or obligations issued by the authority, engineering and legal expenses, plans, specifications, cost and revenue estimates, other expenses necessary or incidental to determining the feasibility or practicability of constructing any project, administrative expenses, and such other expenses necessary or incident to the construction of and placing into operation a project, the financing of the construction, and the acquisition of the project;
(5) “Project” means the construction, reconstruction, improvement, or repair of any gas pipeline or appurtenant facilities, together with all property, rights, easements, and interests which may be acquired by the authority to facilitate the construction, reconstruction, improvement, or repair of any gas pipeline or appurtenant facilities. Except for projects involving repair or replacement, projects shall be limited to areas where no gas pipelines exist or where existing lines have insufficient capacity to transport Kentucky gases to market; and
(6) “Gas” means natural gas, coalbed or other methane gas, carbon dioxide gas, crude oil or petroleum products, or any elements of natural gas or other gas.
Effective: June 26, 2007
History: Amended 2007 Ky. Acts ch. 77, sec. 1, effective June 26, 2007. — Created
2005 Ky. Acts ch. 155, sec. 1, effective June 20, 2005.
(1) “Agreement” means a written contract between the authority and any person or persons, firm, corporation, local government, or public entity providing for or relating to the financing of the construction, reconstruction, improvement, or repair of one (1) or more projects of the authority;
Terms Used In Kentucky Statutes 353.750
- Contract: A legal written agreement that becomes binding when signed.
- Gas: means natural gas. See Kentucky Statutes 353.010
- Oil: means petroleum. See Kentucky Statutes 353.010
(2) “Authority” means the Kentucky Gas Pipeline Authority created by KRS § 353.752; (3) “Bonds” mean revenue bonds, notes, or other obligations issued under the
provisions of KRS § 353.756, 353.758, or 353.768;
(4) “Cost” means the expenditures for construction, acquisition, financing charges, interest prior to and during construction, principal and interest on any bonds or notes or obligations issued by the authority, engineering and legal expenses, plans, specifications, cost and revenue estimates, other expenses necessary or incidental to determining the feasibility or practicability of constructing any project, administrative expenses, and such other expenses necessary or incident to the construction of and placing into operation a project, the financing of the construction, and the acquisition of the project;
(5) “Project” means the construction, reconstruction, improvement, or repair of any gas pipeline or appurtenant facilities, together with all property, rights, easements, and interests which may be acquired by the authority to facilitate the construction, reconstruction, improvement, or repair of any gas pipeline or appurtenant facilities. Except for projects involving repair or replacement, projects shall be limited to areas where no gas pipelines exist or where existing lines have insufficient capacity to transport Kentucky gases to market; and
(6) “Gas” means natural gas, coalbed or other methane gas, carbon dioxide gas, crude oil or petroleum products, or any elements of natural gas or other gas.
Effective: June 26, 2007
History: Amended 2007 Ky. Acts ch. 77, sec. 1, effective June 26, 2007. — Created
2005 Ky. Acts ch. 155, sec. 1, effective June 20, 2005.