$64.4 million Kentucky Infrastructure Authority Wastewater and Drinking Water Revolving Fund Revenue Refunding Bonds

In 2010, the Kentucky Infrastructure Authority issued its first series of cross-collateralized wastewater and drinking water revenue bonds for its federally assisted wastewater and drinking water fund programs under a new program indenture we developed as bond counsel that secured AAA ratings from all three rating agencies. In 2015, the Authority, with our assistance as bond counsel, was able to take advantage of declining interest rates to refund certain maturities of the 2010 Bonds, thereby achieving substantial debt service savings.