KRS 220.607: Winding up of construction subdistrict affairs, when, effect.

The district shall wind up the affairs of a construction subdistrict and incorporate it into

the district area only when:

(1) The board finds that such action would best serve the policy of KRS 220.010 to

220.540.

(2) There is not outstanding any bonds i ssued pursuant to KRS 220.611(2) if the

proceeds of such bond issue have been used, are being used, or will be used to

construct trunk, main, or intercepting sewers which, directly or indirectly, connect

the construction subdistrict to either the district facilities or to a treatment plant,

disposal plant, or outlet sewer also serving, directly or indirectly, another

construction subdistrict.

(3) The construction subdistrict has no outstanding obligations.

(4) The construction subdistrict has paid for its equitably allocable share of the capital

costs of, and is connected to, directly or indirectly either:

(a) The district facilities; or

(b) A treatment plant, disposal plant, or outfall sewer and any trunk, main or

intercepting sewers built to connect at least two (2) construction subdistricts to

such treatment or disposal plant, or outfall sewer.