Kentucky Public Service Commission

Kentucky Rural Water Finance Corporation Final Amortization and Final Debt Comparison Schedules, Executed First Amendment and Supplement to Assistance Agreements

Order Entered: 1.The Applicants are authorized to enter into supplemental assistance agreements with KRWFC to amend the terms of the assistance agreements identified in Table I, to include the principal amount and interest rate of the present assistance agreement, but only under such terms and conditions that will produce both positive gross savings and net present value savings and that will not require any payments beyond the year set forth in Table I. 2. If the actual terms and conditions of a supplemental assistance agreement with KRWFC differ from those set forth in the Application, the Applicant 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, each Applicant shall file a copy of the executed supplemental assistance agreement and any documents referenced in the executed supplemental assistance agreement that the Applicant has not previously filed with the Commission. 4. Any proceeds from a supplemental assistance agreement shall be used only for the lawful purposes specified in the 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.

Letter Filing Documents into the Record

Letter Filing Documents

Order Entered: 1. The Movants' motion is granted. 2. The Movants are authorized to enter into supplemental assistance agreements with KRWFC to amend the terms of the assistance agreements identified in Table I, to include the principal amount and interest rate of the present assistance agreement, but only under such terms and conditions that will produce both positive gross savings and net present value savings and that will not require any payments beyond the year set forth in Table I. 3. If the actual terms and conditions of a supplemental assistance agreement with KRWFC differ from those set forth in the Application, the Movant 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. 4. Within 30 days of executing the proposed agreement, each Movant shall file a copy of the executed supplemental assistance agreement and any documents referenced in the executed supplemental assistance agreement that the Movant has not previously filed with the Commission. 5. Any proceeds from a supplemental assistance agreement shall be used only for the lawful purposes specified in the Application. 6. 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. KRWFC’s motion to deviate from 807 KAR 5:001, Section 17(2)(a), is granted. 2. KRWFC’s application is considered filed as of the date of this Order. 3. Nothing contained in this Order shall preclude the Commission from requiring the production of information regarding financial condition or operations since December 31, 2011 of the 16 water districts on whose behalf KRWFC is acting.

Kentucky Rural Water Finance Corporation Motion

Letter Filing Documents

Kentucky Rural Water Finance Corporation Power of Attorneys, Resolutions and Debt Service Schedules

Acknowledge Receipt of Filing

Kentucky Rural Water Finance Corporation Joint Application on Behalf of Certain Water districts for authority to Borrow funds to Refinance Certain Outstanding Indebtedness to the Kentucky rural Water Finance Corporation