{"data":{"id":"us-ky/krs-278.130","jurisdiction":"us-ky","citation":"KRS 278.130","heading":"Assessments against utilities -- Applications for adjustment.","body":"(1) For the purpose of maintaining the commission, including the payment of salaries\nand all other expenses, and the cost of regulation of the utilities subject to its\njurisdiction, the Department of Revenue shall each year assess the utilities in\nproportion to their earnings or receipts derived from intrastate business in Kentucky\nfor the preceding calendar year as modified by KRS 278.150, and shall notify each\nutility on or before  July 1 of the amount assessed against it. The total amount\nassessed shall be twenty -three hundredths of one percent (0.23%) of intrastate\nreceipts as so modified, which shall be deposited into the State Treasury to the\ncredit of the general fund. The sum by each utility shall not be less than fifty dollars\n($50) in any one (1) year.\n(2) The assessments provided for in this section shall be in lieu of all other fees or\nassessments levied by any city or other political subdivision for the control or\nregulation of utilities.\n(3) The commission, upon application by a utility, shall authorize the utility to adjust\nits rates to recover, within not more than one (1) year, any change in the annual\nassessment and any costs imposed by commission order for the fees an d expenses\nof consultants. The application, and any hearing or other proceedings thereon, shall\nbe limited to the amount of such adjustment.","path":["KRS Chapter 278"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=57956","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:29Z","sha256":"2376128443c7b0c93e97af75eca94fdd291816333e3558d914a948592807f130","source_id":"us-ky","stale":false,"prev":"us-ky/krs-278.120","next":"us-ky/krs-278.140"},"notice":"GroundRules: Original legal text. Not legal advice."}