Kentucky Public Service Commission

Order Entered: I. South Anderson is authorized to enter into an agreement with KRWFC to borrow no more than $2,200,00010 for the purpose of refunding the outstanding indebtedness, but only under such terms and conditions as will produce both positive gross savings and net present value savings. 2. If the actual terms and conditions of the agreement with KRWFC differ from those set forth in its application, South Anderson shall, within 30 days of executing the loan agreement, file with the Commission amortization schedules and work papers showing the actual gross savings and net present value savings that will result from the refinancing. 3. Within 30 days of executing the proposed agreement, South Anderson shall file a written statement with the Commission setting forth the date on which the agreement was entered, the actual interest rates, and the principal amount. 4. The proceeds from the transaction authorized herein shall be used only for the lawful purposes specified in South Anderson’s application. 5. Any documents filed pursuant to ordering paragraphs 2 and 3 of this Order shall reference the number of this case and shall be retained in the utility’s general correspondence file.

Order Entered: (1) South Anderson District's motion to deviate from 807 KAR 5:001, Section 11(2)(a) is granted. (2) South Anderson District's application is considered filed as of the date of this Order.

Acknowledge Receipt of Filing

Application of South Anderson Water District to Issue Securities in the Approximate Principal Amount of $2,000,000 for the Purpose of Refunding Certain Outstanding Revenue Bonds of the District Pursuant to the Provisions of KRS 278.300 and 807 KAR 5:001