(1) All public water withdrawn, diverted or transferred pursuant to a permit under KRS 151.140 must be recorded and a report thereof submitted to the cabinet in a manner prescribed by the cabinet.
(2) The willful failure to keep accurate records of the withdrawal, diversion or transfer of public water or the failure to submit reports as prescribed by the cabinet shall subject the permit holder to the provisions of KRS 151.990 and possible revocation of the permit.