Final Order Entered: 1. Cumberland Falls Highway is granted a CPCN for the proposed project as submitted. 2. Cumberland Falls Highway's proposed plan of financing is approved. Cumberland Falls Highway is authorized to enter into the proposed Assistance Agreement with KIA in the amount of $1,720,500 to be repaid over a 20-year period at an interest rate of 0.75 percent per annum, with a loan-servicing fee of 0.25 percent of the annual outstanding loan balance payable to KIA with each interest payment. 3. Within 30 days of executing its proposed Assistance Agreement with KIA, Cumberland Falls Highway shall file with the Commission an executed copy of the Assistance Agreement. Cumberland Falls Highway shall use $1,720,500 of the proceeds from the proposed Assistance Agreement with KIA only for the lawful purposes set forth in its application. None of the proceeds shall be used for the construction of any project not clearly identified in Cumberland Falls Highway's Application and approved by the Commission in this proceeding, unless and until Cumberland Falls Highway obtains prior
Commission approval for the use of the proceeds. 4. The proceeds from the Assistance Agreement shall be used only for the purposes specified in Cumberland Falls Highway's application. 5. Cumberland Falls Highway shall obtain approval from the Commission prior
to performing any additional construction not expressly authorized by this Order.