All the existing obligations of the waterworks corporation and all the obligations created by the board of waterworks in the management and operation of the properties and in the performance of its duties, shall be discharged out of the property and rents, earnings, and incomes of the waterworks. The consolidated local government shall not be liable as a municipal corporation for such obligations.
KRS 96.290
Debts to be paid by waterworks
Applied in 1 court decision — leading case Phelps v. Louisville Water Co. (2003)
Most recently applied in Phelps v. Louisville Water Co. (April 2003)
Effective: July 15, 2002 History: Amended 2002 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.