Kentucky Public Service Commission

Order Entered: Morgan County's motion to amend is granted. 2. Morgan County is authorized to enter into an agreement with KRWFC to borrow no more than $1,441,000® for the purpose of refunding the outstanding indebtedness, but only under such terms and conditions that will produce both positive gross savings and net present value savings. 3. If the actual terms and conditions of the agreement with KRWFC differ from those set forth in its amended application, Morgan County shall, within 30 days of 4. Within 30 days of executing the proposed agreement, Morgan County shall file a copy of the executed Assistance Agreement and any documents referenced in the executed Assistance Agreement that Morgan County has not previously filed with the Commission. 5. The proceeds from the Assistance Agreement shall be used only for the lawful purposes specified in Morgan County's application as amended. 6. Any documents filed pursuant to ordering paragraphs 3 and 4 of this Order shall reference the number of this case and shall be retained in the utility's general correspondence file. Nothing contained herein shall be construed as a finding of value for any purpose or as a warranty on the part of the Commonwealth of Kentucky or any agency thereof as to the securities authorized here

No deficiency letter

Morgan County Water District Motion to File Amended Application

Acknowledge Receipt of Filing

APPLICATION OF MORGAN COUNTY WATER DISTRICT TO ISSUE SECURITIES IN THE APPROXIMATE PRINCIPAL AMOUNT OF $1,320,000 FOR THE PURPOSE REFUNDING CERTAIN OUTSTANDING REVENUE BONDS OF THE DISTRICT PURSUANT TO THE PROVISIONS OF KRS 278.300 AND 807 KAR 5:001