HB 563 — AN ACT relating to public water and wastewater systems, making an appropriation therefor, and declaring an emergency.

Summary

AN ACT relating to public water and wastewater systems, making an appropriation therefor, and declaring an emergency.

Bill Text

Action History

1. House Floor Amendment 1

2. J. Bray

3. Replace all instances of "loan" or "loans" with "funding" or "funds" in Sections 1 and 2 of the Act; require the Kentucky Infrastructure Authority board to submit, with its evaluations and scores of proposed funding recipients, proposals for the structure and terms of the funding; allow funding from the WWATERS fund to be awarded in the form of grants, loans, no-interest loans, or forgivable loans as proposed by the board and determined by the General Assembly; provide that no interest rate for a loan awarded from the WWATERS fund be less than zero percent; allow the Kentucky Infrastructure Authority to use up to one-half of one percent of moneys deposited into the WWATERS fund for administrative expenses; provide that priority treatment for authority funding for systems acquired under Section 4 of the Act shall only apply during the forbearance period granted by that section.

4. Loans and Credit - WWATERS Program, public water and wastewater systems, authorized types of funding, grants, loans Public Utilities - WWATERS Program, public water and wastewater systems, authorized types of funding, grants, loans Sewer Systems - WWATERS Program, public wastewater systems, authorized types of funding, grants, loans State Agencies - Kentucky Infrastructure Authority, WWATERS Program duties, administrative fee Water Supply - WWATERS Program, public water systems, authorized types of funding, grants, loans

Sponsors

• Michael Meredith · Cosponsor
• Derek Lewis · Cosponsor
• Josh Branscum · Cosponsor
• Adam Bowling · Cosponsor
• Jason Petrie · Cosponsor
• Josh Bray · Primary

Subjects