United States — Kentucky
KRS § 96.500 Administration of income and revenues.
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The city legislative body may, by ordinance, set rules it considers necessary for managing waterworks income and revenues and for protecting bondholders.
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United States — Kentucky
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The city legislative body may, by ordinance, set rules it considers necessary for managing waterworks income and revenues and for protecting bondholders.
United States — Kentucky
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An ordinance may create a fund for a waterworks encumbered when acquired, and must set aside enough revenue to satisfy the secured debt or lien requirements.
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A home rule city or urban-county government may own and operate electric, heat, power, and related telecommunications facilities, including through interconnection agreements and joint arrangements.
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Cities operating these plants must create a utility commission, and the commission must manage the plant, set employee terms, follow rate rules, and pay surplus revenue to the city.
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A city legislative body may provide telecommunications service. A city that controls a qualifying municipal utility must follow KRS Chapter 278 for telephone service only, like other nonmunicipal telephone providers.
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Directors of municipal utility boards or commissions must act in good faith, on an informed basis, and in the utility’s best interest, and they may rely on certain information sources when those sources appear reliable and competent.
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Municipally owned electric utilities may not raise service rates except after a public hearing with reasonable notice, and their rates and service standards must be the same inside and outside the corporate limits.
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For certain city-owned utilities in cities of 8,000 or more, the city must create a special fund for utility revenue, and utility rates must be set to cover bond payments, operations, maintenance, and depreciation.
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A publicly owned light, water, or gas plant may pay a school district board of education an amount based on book value and the school tax rate, but only if the plant board adopts a unanimous resolution and the payment is made by January 1.
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A city legislative body may authorize revenue bonds for a municipal natural gas system, including negotiated sale, and negotiated sales are exempt from KRS 424.360.
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Cities that own and operate municipal natural gas systems may extend service and sell gas, but the section limits where and when they can do so.
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Cities and certain municipal gas utilities may extend or build natural gas systems and sell gas, but there are limits on service extensions and condemnations.
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Existing utilities keep the dominant right to continue service in certain annexed areas.
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City-owned water or sewer utilities must make rules for service extensions, and those rules can require applicants to pay part of extension costs.
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A city-owned or city-controlled electric generating entity must hold a public meeting before acquiring property for a wind-based electric generating facility, and the meeting must be held within 30 days of a request.
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A home rule city generally cannot sell, lease, convey, or encumber its lighting system or waterworks system, or the income from them, unless the required voter or legislative approval is obtained.
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A small city may sell, lease, or transfer its utility system in an emergency if it gets two-thirds customer approval by petition and follows the section’s ordinance and hearing steps.
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A municipal electric power system may set up a home heating assistance fund and use it to help customers prevent home heating shutoffs.
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This section defines “acquire” for KRS 96.542 to 96.546.
United States — Kentucky
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Any city may acquire, maintain, and operate an artificial gas system, including extensions and necessary appurtenances.