Kentucky Public Service Commission

Final Order Entered: 1. Big Sandy District is authorized to borrow from KRWFC an amount up to $1,875,000, but no more than the total amount needed to pay off the RD indebtedness proposed to be refinanced and fees and expenses as identified in the Application on the condition that the final NPV of the savings, determined upon closing, generate positive cash flow. The loan maturity date and interest rate shall be in accordance with the KRWFC assistance program as described in Big Sandy District's Application. 2. Big Sandy District shall execute the KRWFC loan documents as authorized herein. 3. Big Sandy District shall comply with all matters set out in finding paragraphs 3 through 6 as if they were individually so ordered. 4. Any documents filed in the future pursuant to finding paragraphs 3 and 4 shall reference this case number and shall be retained in the post-case correspondence file. 5. This case is closed and removed from the Commission's docket. Nothing contained herein shall be deemed a warranty or finding of value of securities or financing authorized herein on the part of the Commonwealth of Kentucky or any agency thereof.

No deficiency letter

Acknowledge Receipt of Filing

Big Sandy Water District Application to Issue Securities in the Approximate Principal Amount of $1,875,000 for the Purpose of Refunding and Re-amortizing Certain Outstanding Obligations of the District Pursuant to the Provisions of KRS 278.300 and 807 KAR 5:001