{"data":{"id":"us-ky/krs-224a.200","jurisdiction":"us-ky","citation":"KRS 224A.200","heading":"Assistance agreements may contain provision for reduction of payments","body":"to authority.\nThe authority, as provided in KRS 224A.060, is created and constituted as an independent\ntaxing district and taxing authority with the right to levy in its own name a nd for its\nproper public and essential governmental purposes a water utility tax on every purchase\nof water service in the Commonwealth of Kentucky in an amount equal to not more than\ntwo percent (2%) of the gross amount of each such water bill. Any assist ance agreements\nentered into by and between the authority and governmental agencies may provide by\ntheir terms that service charges levied by governmental agencies for payment to the\nauthority in accordance with this chapter, may be reduced, diminished or extinguished to\nthe extent that the authority has, during any fiscal period of the authority, levied and\ncollected water utility taxes pursuant to this chapter, or to the extent that other authority\nrevenues have been received by the authority, or to maxim ize federal grant participation\nin the state, such reduction, diminution or extinguishment of service charges to be based\nupon formulas, procedures, and other rules and regulations which shall be prescribed by\nthe authority from time to time pursuant to it s power to make, promulgate, and enact\nrules, regulations and bylaws; provided, however, that such adjustment agreement shall\nnot void, abate or render nugatory any other provisions of any assistance agreements.","path":["KRS Chapter 224A"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=10581","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:52:43Z","sha256":"73c979fb4cb5608d2237fbae90994e4cb798a6bdf367480ba9125a17ad72492f","source_id":"us-ky","stale":false,"prev":"us-ky/krs-224a.190","next":"us-ky/krs-224a.210"},"notice":"GroundRules: Original legal text. Not legal advice."}