107.700 Legislative policy. - Kentucky Statutes

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107.700 Legislative policy. The General Assembly declares that the policy of this Commonwealth is to assure its
citizens adequate public services, at reasonable cost, and that such services are essential
to the maintenance and general welfare of the citizens of this Commonwealth and to the
continued expansion of the Commonwealth's economy, job market, and industrial base.
However, the cost of constructing, owning, and operating capital facilities to meet the
demand for those public services is becoming increasingly burdensome to cities, counties,
urban-counties, and improvement districts and it is desirable that innovative financing
mechanisms be made available to assist the communities of this Commonwealth in
developing drinking water, water, and wastewater projects at reasonable cost. Private
sector ownership and operation of capital facilities providing public services can result in
cost savings to communities contracting for those public services. It is therefore in the
best public interest of the Commonwealth and its citizens that cities, counties, urban-
counties, and improvement districts be authorized to cause such services to be provided
by private enterprise, and to contract with private owners or private owner/operators for
providing the service to the public. Effective: July 15, 1986
History: Created 1986 Ky. Acts ch. 456, sec. 1, effective July 15, 1986.