KRS 147A.200: Gas system restoration and development project account -- Review board

-- Loan applications.

(1) The Department for Local Government is authorized and directed to apply for and

receive federal funds to be placed in a state account called the gas syst em

restoration and development project account, and to provide staff to administer said

funds. The funds in this account may be used in any gas system restoration or

development project approved by the Gas System Restoration and Development

Project Account Review Board.

(2) A Gas System Restoration and Development Project Account Review Board is

established and shall consist of eight (8) members appointed by the Governor. The

board shall be chaired by the commissioner of the Department for Local

Government and shall include representatives of the Public Service Commission,

state fire marshal, Department for Local Government, Kentucky Infrastructure

Authority, banking and finance industry, commercial or industrial consumers,

Kentucky Gas Association, and low-income or minority group consumers. Members

shall be reimbursed for necessary expenses in attending meetings.

(3) The review board shall meet as necessary and shall establish rules for conducting its

business. The review board shall consider applications f or loans from the account

and approve or disapprove loan applications. No loan shall be considered unless the

applicant has complied with all construction and securities requirements of the

Public Service Commission. In reviewing loan applications, the rev iew board may

request the testimony of the county judge/executive of an affected county and any

other witnesses deemed appropriate.