Kentucky Public Service Commission

Order Entered: Fleming County is authorized to enter into an agreement with KRWFC to borrow no more than $869,000'or 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. If the actual terms and conditions of the agreement with KRWFC differ from those set forth in its application, Fleming County 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, Fleming County shall file a copy of the executed Assistance Agreement and any documents referenced in the executed Assistance Agreement that Fleming County has not previously filed with the Commission.

No deficiency letter

Acknowledge Receipt of Filing

APPLICATION OF THE FLEMING COUNTY WATER ASSOCIATION, INC. TO ISSUE SECURITIES IN THE APPROXIMATE PRINCIPAL AMOUNT OF $790,000 FOR THE PURPOSE OF REFUNDING CERTAIN OUTSTANDING INDEBTEDNESS OF THE ASSOCIATION PURSUANT TO THE PROVISIONS OF KRS 278.300 AND 807 KAR 5:001