76.420 Apportionment warrants -- Effect of section. - Kentucky Statutes

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76.420 Apportionment warrants -- Effect of section. (1) Any sewer construction district created in the manner provided in KRS 76.300 to 76.400 may, if the commissioners of such district deem it feasible, instead of
issuing bonds as provided in KRS 76.365, issue apportionment warrants, using the
procedures after assessment set out in KRS 184.150 to 184.250, "board of directors"
being read as "commission" and the references to roads being read as references to
sewers and drains, including treatment plants. (2) In the event a sewer construction district uses the financing procedures of this section or those set forth in KRS 76.365 and 76.390, it shall have the same power to
discontinue water service as is set out in KRS 76.368 for districts proceeding under
KRS 76.366 and 76.367. (3) The provisions of subsections (1) and (2) of this section shall not repeal or reduce any existing rights or duties of sewer construction districts or the commissioners
thereof, but shall constitute an additional method of financing which may be used in
conjunction with KRS 76.300 to 76.385, or may be an alternate method. History: Created 1962 Ky. Acts ch. 151, secs. 1, 2, and 3.