Kentucky Infrastructure Authority Approves Loan to Paintsville Utilities Commission
January 11, 2019
The Kentucky Infrastructure Authority Board approved a $2,010,000 loan to the Paintsville Utilities Commission during its December 2018 meeting. The approved funding will allow the utility to address water supply and pressure issues experienced by customers. KIA Executive Director Donna McNeil said these improvement are quite extensive, and securing a very competitive, low-interest loan with 50 percent principle forgiveness helps minimize ratepayer impact.