KRS 107.015: Purpose of KRS 107.020, 107.030, 107.085, 107.140, and 107.190.

It is the purpose of KRS 107.020, 107.030, 107.085, 107.140, and 107.190 to extend

permissive authority of municipalities for assessment financing of certain public

improvements according to the "assessed value" basis by (a) permitting such financing of

sewage treatment plants and appurtenances, as well as other sewer installations, (b)

simplifying procedures under certain conditions, (c) permitting assessment bonds for

sewer projects to mature over a period up to thirty (30) years, and (d) amending and

reenacting certain specified sections of this chapter to make them consistent herewith.