Statutes > Kentucky Statutes > CHAPTER 107 MUNICIPAL IMPROVEMENTS -- ALTERNATE METHODS > 107.015 Purpose of KRS 107.020, 107.030, 107.085, 107.140, and 107.190.

107.015 Purpose of KRS 107.020, 107.030, 107.085, 107.140, and 107.190.

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107.015 Purpose of KRS 107.020, 107.030, 107.085, 107.140, and 107.190. It is the purpose of KRS 107.020, 107.030, 107.085, 107.140, and 107.190 to extend <br>permissive authority of municipalities for assessment financing of certain public <br>improvements according to the &quot;assessed value&quot; basis by (a) permitting such financing of <br>sewage treatment plants and appurtenances, as well as other sewer installations, (b) <br>simplifying procedures under certain conditions, (c) permitting assessment bonds for <br>sewer projects to mature over a period up to thirty (30) years, and (d) amending and <br>reenacting certain specified sections of this chapter to make them consistent herewith. History: Amended 1970 Ky. Acts ch. 242, sec. 1. -- Created 1960 Ky. Acts ch. 226, sec. 1.