KRS 224A.090: Payment of study expenses from revenue bond proceeds.

With the approval and the consent of the authority's governing body, and in cooperation

and coordination with the State Water Pollution Agency, the executive director of the

authority shall cause to be expended out of any funds available for said purposes such

moneys as are necessary for the study of any proposed eligible project, to determine as to

whether a state grant shall be awarded in connection with any eligible project. All such

expenses incurred prior to the issuance of any revenue bonds by the aut hority shall be

charged and allocated to the appropriate eligible project, and upon the sale of authority

revenue bonds or notes to provide funds for eligible projects, the funds so expended in

connection with the study of such individual eligible projects shall be reimbursed from

the proceeds of such bonds or notes.