{"data":{"id":"us-ky/krs-76.366","jurisdiction":"us-ky","citation":"KRS 76.366","heading":"Financing by revenue bonds.","body":"(1) Any sewer construction district created in the manner provided in KRS 76.300 to\n76.325, both inclusive, may if the commissioners of such sewer construction district\ndeem it feasible, build, or acquire or enlarge sewer or drainage facilities, including\ntreatment plants, without resort to the right to levy assessments for the cost of such\nsewer or drainage facilities, including treatment plants, as is provided in KRS\n76.340 to 76.365, both inclusive, and may obtain the funds with which to build,\nacquire or en large such system by the issuance of revenue bonds, payable solely\nfrom the revenue to be derived from the operation of such system.\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, the commission shall note such decision by appropriate\nresolution, and shall thereafter proceed under the provisions of KRS 96.350 to\n96.510, both inclusive, and the sewer construction district and the commission shall\nhave the same powers and duties as a city with a population less than one hundred\nthousand (100,000) based upon the most recent federal decennial census inclusive\nunder the provisions of KRS 96.350 to 96.510, both inclus ive, the language\nreferring to waterworks and water systems in KRS 96.350 to 96.510 to be read as\nsewers and drains including treatment plants.\n(3) In the event such procedure is followed the commission shall not observe the\nprovisions of KRS 76.340 to 76.365 both inclusive.","path":["KRS Chapter 76"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=43644","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:36Z","sha256":"b666bea76c1b4d42af20a4469146630d851b98e4cee66bb3bd636830895d85f2","source_id":"us-ky","stale":false,"prev":"us-ky/krs-76.365","next":"us-ky/krs-76.367"},"notice":"GroundRules: Original legal text. Not legal advice."}