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107.700 Legislative policy.

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