KRS 224A.104: Residential housing infrastructure fund.

(1) There is hereby established in the State Treasury a revolving account to be known

as the residential housing infrastructure fund. The fund shall consist of moneys

received from state appropriations, gifts, grants, federal funds, and all repayment,

interest or other return on the investment of fund dollars.

(2) The fund shall be administered by the Kentucky Infrastructure Authority.

(3) Amounts deposited in the fund shall be used for the purpose of making low -interest

loans to local governments for building, upgrading, renovation, or expansion of

infrastructure owned, maintained, or operated by the local government seeking

funding.

(4) Notwithstanding KRS 45.229, fund amounts not expended at the close of a fiscal

year shall not lapse but shall be carried forward into the next fiscal year.