- (1) There is hereby established in the State Treasury a revolving account to be known as the residential housing infrastructure fund. The fund shall consist of moneys received from state appropriations, gifts, grants, federal funds, and all repayment, interest or other return on the investment of fund dollars.
- (2) The fund shall be administered by the Kentucky Infrastructure Authority.
- (3) Amounts deposited in the fund shall be used for the purpose of making low-interest loans to local governments for building, upgrading, renovation, or expansion of infrastructure owned, maintained, or operated by the local government seeking funding.
- (4) Notwithstanding KRS 45.229, fund amounts not expended at the close of a fiscal year shall not lapse but shall be carried forward into the next fiscal year.
Effective: April 14, 2026
History: Created 2026 Ky. Acts ch. 161, sec. 111, effective April 14, 2026.