KRS 107.700: Legislative policy.

The General Assembly declares that the policy of this Commonwealth is to assure its

citizens adequate public services, at reasonable cost, and that such services are essential

to the maintenance and general welfare of the citizens of this Commonwealth and to the

continued expansion of the Commonwealth's economy, job market, and industrial base.

However, the cost of constructing, owning, and operating capital facilities to meet the

demand for those public services is becoming increasingly burdensome to cities, counties,

urban-counties, and improvement districts and it is desirable that innovative financing

mechanisms be made available to assist the communities of this Commonwealth in

developing drinking water, water, and wastewater projects at reasonable cost . Private

sector ownership and operation of capital facilities providing public services can result in

cost savings to communities contracting for those public services. It is therefore in the

best public interest of the Commonwealth and its citizens that cities, counties, urban -

counties, and improvement districts be authorized to cause such services to be provided

by private enterprise, and to contract with private owners or private owner/operators for

providing the service to the public.