{"data":{"id":"us-ky/krs-107.700","jurisdiction":"us-ky","citation":"KRS 107.700","heading":"Legislative policy.","body":"The General Assembly declares that the policy of this Commonwealth is to assure its\ncitizens adequate public services, at reasonable cost, and that such services are essential\nto the maintenance and general welfare of the citizens of this Commonwealth and to the\ncontinued expansion of the Commonwealth's economy, job market, and industrial base.\nHowever, the cost of constructing, owning, and operating capital facilities to meet the\ndemand for those public services is becoming increasingly burdensome to cities, counties,\nurban-counties, and improvement districts and it is desirable that innovative financing\nmechanisms be made available to assist the communities of this Commonwealth in\ndeveloping drinking water, water, and wastewater projects at reasonable cost . Private\nsector ownership and operation of capital facilities providing public services can result in\ncost savings to communities contracting for those public services. It is therefore in the\nbest public interest of the Commonwealth and its citizens that cities, counties, urban -\ncounties, and improvement districts be authorized to cause such services to be provided\nby private enterprise, and to contract with private owners or private owner/operators for\nproviding the service to the public.","path":["KRS Chapter 107"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=27200","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:10Z","sha256":"14664f72d4ac4a38ba4bd306227826fd83cf9156689cc2a8d8d3bde8bcfd9d06","source_id":"us-ky","stale":false,"prev":"us-ky/krs-107.630","next":"us-ky/krs-107.710"},"notice":"GroundRules: Original legal text. Not legal advice."}