{"data":{"id":"us-ky/krs-74.370","jurisdiction":"us-ky","citation":"KRS 74.370","heading":"Construction, acquisition or enlargement of system by issuance of revenue","body":"bonds or by a combination of bonds and assessments.\n(1) Any water district, created in the manner provided in KRS 74.010 to 74.070, both\ninclusive, may if the commissioners of such water district deem it feasible, build, or\nacquire or enlarge a water system without resort to, or in combination with, the right\nto levy assessments for the cost of such water system, as is provided in KRS 74.130\nto 74.240, both inclusive, and may ob tain the funds with which to build, acquire or\nenlarge such system by the issuance of revenue bonds, payable solely from the\nrevenue to be derived from the operation of such system, or payable partially from\nrevenues and partially from assessments.\n(2) In the event the commissioners shall decide to finance the cost of such construction,\nacquisition or enlargement by the issuance of revenue bonds, secured solely by the\nrevenue of the system or partially by the revenue of the system and partially by\nassessments, the commission shall note such decision by appropriate resolution, and\nshall thereafter proceed under the provisions of KRS 96.350 to 96.510, both\ninclusive, and the water district and the commission shall have the same powers and\nduties as a city incl usive under the provisions of KRS 96.350 to 96.510, both\ninclusive. However, the water district and the commission shall not be limited\nsolely to the revenue of the system in securing revenue bonds so issued.","path":["KRS Chapter 74"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=43631","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:34Z","sha256":"6688df337693a29008d0591c5f60221ba373c73cfe820a75e4e8ac921af162b0","source_id":"us-ky","stale":false,"prev":"us-ky/krs-74.367","next":"us-ky/krs-74.380"},"notice":"GroundRules: Original legal text. Not legal advice."}