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76.269 Other districts to become construction subdistricts when -- Incorporated in district when.

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76.269 Other districts to become construction subdistricts when -- Incorporated in district when. A sanitation district organized under KRS 220.010 to 220.540, a sewer construction <br>district organized under KRS 76.300 to 76.420, and a sewage system owned by any <br>municipality, political subdivision, or any other entity, public or private, may be made a <br>construction subdistrict or incorporated into the district area by the board under the <br>conditions of this section. <br>(1) Any such district or system may be made a construction subdistrict only when: (a) Express, written consent of all bondholders and secured creditors has been obtained; (b) The governing body or owner of such district or system has consented in writing; and (c) The board has determined that the policy of KRS 76.010 to 76.295 will best be served by making such district or system a construction subdistrict. (2) When such district or system has been made a construction subdistrict under subsection (1), KRS 76.241 to 76.253 and KRS 76.257 to 76.259 shall not apply to <br>it. (3) Any such district or system may be incorporated by the board into the district area only when: <br>(a) All debts of the district or system have been paid or an amount of either money or securities lawful as investments under KRS 386.020 has been laid <br>aside to pay them by the governing body or owner of such district or system; (b) The governing body or owner of such district or system has consented in writing; (c) Such district or system is not within a sanitation tax district organized under KRS 76.274; and (d) The board has determined that the policy of KRS 76.010 to 76.210 will best be served by incorporating such district or system into the district area. Effective: July 15, 1980 <br>History: Amended 1980 Ky. Acts ch. 188, sec. 62, effective July 15, 1980. -- Created 1964 Ky. Acts ch. 33, sec. 46.