107.710 Definitions.
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<![CDATA[107.710 Definitions. As used in KRS 107.720 to 107.760, unless the context otherwise requires: <br>(1) "Agreement" means a short-term agreement or a long-term agreement; <br>(2) "Bonds" means industrial revenue bonds issued by a city, county or urban-county pursuant to KRS 103.200 et seq.; (3) "Cost" means with respect to any privatization project or facility related thereto: (a) All costs of designing, planning, acquiring, constructing, reconstructing, modifying, improving, maintaining, equipping, extending, furnishing and <br>placing in service any privatization project, including architectural, planning, <br>engineering, legal and fiscal advisors' fees or costs and any costs incident to <br>the acquisition of any necessary property, easement of right-of-way; (b) Any costs incurred for preliminary planning to determine the economic or engineering feasibility of a proposed privatization project, including, without <br>limitation, costs of economic investigations and studies, surveys, preparation <br>of designs, plans, working drawings, specifications and inspection and <br>supervision of the construction of any facility; (c) All costs incident to the purchase, installation, or financing of equipment, machinery, and other personal property required by a privatization project; (d) All costs incident to the authorization and issuance of bonds, including accountants' fees, attorneys' fees, financial advisors' fees, underwriting fees <br>(including bond discount) and other professional services and printing costs; (e) All costs incident to the establishment and funding of appropriate reserve funds; and (f) Interest estimated to accrue on any bonds issued to finance a privatization project for a reasonable time prior to construction, during construction and for <br>a reasonable period of time after construction; (4) "Drinking water project" means any work or facility necessary or desirable to provide water for human consumption and other domestic uses, including <br>collection, treatment, storage, distribution facilities, and any related structures and <br>facilities; (5) "Facility" means any structure, building, machinery, system, land, water right, or other property necessary or desirable to provide the services contemplated by a <br>privatization project, including, without limitation, all related and appurtenant <br>easements and rights-of-way, improvements, utilities, landscaping, sidewalks, <br>roads, curbs and gutters, and equipment and furnishings; (6) "Governing authority" means the persons, board, body or entity in which the legislative powers of a political subdivision are vested; (7) "Legislative body" means the board or body in which the general legislative powers of a city, county or urban-county are vested; (8) "Long-term agreement" means an agreement or contract having a term of more than five (5) years and less than fifty (50) years; (9) "Political subdivision" means the state or any city, county, urban-county, improvement district, water conservancy district, special district, special taxing <br>district, drainage district, metropolitan water district, irrigation district, separate <br>legal or administrative entity constituting a political subdivision under the laws of <br>the state; (10) "Private owner or private owner/operator" means a person or entity that is not a political subdivision and which owns or owns and operates a privatization project; (11) "Privatization project" means all or part of any drinking water, water, or wastewater project which is owned or operated by a private owner or private owner/operator, <br>and provides the related services to political subdivisions; (12) "Short-term agreement" means any contract or agreement having a term of five (5) years or less; (13) "Wastewater project" means sewage collection systems and treatment plants, including, without limitations, intercepting sewers, outfall sewers, force mains, <br>pumping stations, instrumentation and control systems, and other appurtenances <br>necessary or useful for the collection, removal, reduction, treatment, purification, <br>disposal, and handling of liquid and solid waste, sewage and industrial waste and <br>refuse; (14) "Water project" means any work or facility necessary or desirable to conserve, develop, protect, or treat the waters of this state including, without limitation, any <br>reservoir, diversion dam, irrigation dam and system, culinary water system, water <br>work, water treatment facility, canal, ditch, artesian well, aqueduct, pipeline, <br>conduit, drain, tunnel, and related structures and facilities; and (15) "Waters of this state" means any stream, lake, pond, marsh, watercourse, waterway, well, spring, irrigation system, drainage system, or other body or accumulation of <br>water, whether surface, underground, natural, artificial, public or private, or other <br>water resource of the state which is contained within or flows in or through the <br>state. Effective: July 15, 1986 <br>History: Created 1986 Ky. Acts ch. 456, sec. 2, effective July 15, 1986. ]]>