{"data":{"id":"us-ky/krs-107.710","jurisdiction":"us-ky","citation":"KRS 107.710","heading":"Definitions.","body":"As used in KRS 107.720 to 107.760, unless the context otherwise requires:\n(1) \"Agreement\" means a short-term agreement or a long-term agreement;\n(2) \"Bonds\" means industrial revenue bonds issued by a city, county or urban -county\npursuant to KRS 103.200 et seq.;\n(3) \"Cost\" means with respect to any privatization project or facility related thereto:\n(a) All costs of designing, planning, acquiring, constructing, reconstructing,\nmodifying, improving, maintaining, equipping, extending, furnishing and\nplacing in service any privatization project, including architectural, planning,\nengineering, legal and fiscal advisors' fees or costs and any costs incident to\nthe acquisition of any necessary property, easement of right-of-way;\n(b) Any costs incurred for preliminar y planning to determine the economic or\nengineering feasibility of a proposed privatization project, including, without\nlimitation, costs of economic investigations and studies, surveys, preparation\nof designs, plans, working drawings, specifications and i nspection and\nsupervision of the construction of any facility;\n(c) All costs incident to the purchase, installation, or financing of equipment,\nmachinery, and other personal property required by a privatization project;\n(d) All costs incident to the author ization and issuance of bonds, including\naccountants' fees, attorneys' fees, financial advisors' fees, underwriting fees\n(including bond discount) and other professional services and printing costs;\n(e) All costs incident to the establishment and funding o f appropriate reserve\nfunds; and\n(f) Interest estimated to accrue on any bonds issued to finance a privatization\nproject for a reasonable time prior to construction, during construction and for\na reasonable period of time after construction;\n(4) \"Drinking water project\" means any work or facility necessary or desirable to\nprovide water for human consumption and other domestic uses, including\ncollection, treatment, storage, distribution facilities, and any related structures and\nfacilities;\n(5) \"Facility\" means any structure, building, machinery, system, land, water right, or\nother property necessary or desirable to provide the services contemplated by a\nprivatization project, including, without limitation, all related and appurtenant\neasements and rights -of-way, improvements, utilities, landscaping, sidewalks,\nroads, curbs and gutters, and equipment and furnishings;\n(6) \"Governing authority\" means the persons, board, body or entity in which the\nlegislative powers of a political subdivision are vested;\n(7) \"Legislative body\" means the board or body in which the general legislative powers\nof a city, county or urban-county are vested;\n(8) \"Long-term agreement\" means an agreement or contract having a term of more than\nfive (5) years and less than fifty (50) years;\n(9) \"Political subdivision\" means the state or any city, county, urban -county,\nimprovement district, water conservancy district, special district, special taxing\ndistrict, drainage district, metropolitan water district, irrigation district, separate\nlegal or administrative entity constituting a political subdivision under the laws of\nthe state;\n(10) \"Private owner or private owner/operator\" means a person or entity that is not a\npolitical subdivision and which owns or owns and operates a privatization project;\n(11) \"Privatization project\" means all or part of any drinking water, water, or wastewater\nproject which is owned or operated by a private owner or private owner/operator,\nand provides the related services to political subdivisions;\n(12) \"Short-term agreement\" means any contract or agreement having a term of five (5)\nyears or less;\n(13) \"Wastewater project\" means sewage collection systems and treatment plants,\nincluding, without limitations, intercepting sewers, outfall sewers, force mains,\npumping stations, instrumentation and control systems, and other appurtenances\nnecessary or useful for the collection, removal, reduction, treatment, purification,\ndisposal, and handling of liquid and solid waste, sewage and industrial waste and\nrefuse;\n(14) \"Water project\" means any work or facility necessary or desirable to conserve,\ndevelop, protect, or treat the waters  of this state including, without limitation, any\nreservoir, diversion dam, irrigation dam and system, culinary water system, water\nwork, water treatment facility, canal, ditch, artesian well, aqueduct, pipeline,\nconduit, drain, tunnel, and related structures and facilities; and\n(15) \"Waters of this state\" means any stream, lake, pond, marsh, watercourse, waterway,\nwell, spring, irrigation system,  drainage system, or other body or accumulation of\nwater, whether surface, underground, natural, artificial, public or private, or other\nwater resource of the state which is contained within or flows in or through the\nstate.","path":["KRS Chapter 107"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=27201","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:10Z","sha256":"180fd6b081d7e93964b2139bed1c215e2feeee90d7526ed8a09e07bd4e398027","source_id":"us-ky","stale":false,"prev":"us-ky/krs-107.700","next":"us-ky/krs-107.720"},"notice":"GroundRules: Original legal text. Not legal advice."}