►
Description
No description was provided for this meeting.
If this is YOUR meeting, an easy way to fix this is to add a description to your video, wherever mtngs.io found it (probably YouTube).
A
C
C
D
A
A
Needs
in
Kentucky
Scott
Rural
Water
Association
come
on
up
to
the
table.
If
you
will,
we
may
we
may
move
the
agenda
around
a
little
bit.
Is
a
do?
I
see
Ryan
Barrow
back
there,
yep,
John,
Hicks,
sorry
I
didn't
see
y'all
earlier.
We
may
take
you
up
right
after
we
get
finished
with
water,
so
y'all
can
move
on.
If
you
don't
mind,
we'll
go
ahead
and
do
the
water
and
just
advise
everybody
most
of
you.
A
E
Thank
you,
chairman
Petrie
and
members
of
the
committee.
My
name
is
Scott
young
I'm,
the
executive
director
of
the
Kentucky
Rural
Water
Association,
and
for
full
disclosure
I've
been
on
the
job
one
year,
one
month
and
two
days
and
with
that.
If,
if
you
allow
me
a
little
leeway,
I'll
I'll
lead
into
and
recognize
a
few
of,
my
colleagues
that
are
in
in
the
room
sure
our
Kentucky
Rural
Water
association's
president
Mr
Russ
Rose
is
joining
us
today.
Russ
is
the
Chief
Executive
Officer
of
Oldham
County
Water
District.
A
E
I
do
have
a
lot
of
information
that
I
want
to
provide
I,
think
it's
great
information
and
and
I'll
try
to
be
respectful
of
your
time
as
well.
So
just
bear
with
me
and
if
that,
if
that
leads
into
any
additional
explanation
or
questions,
I
I
want
those.
So,
first,
let's
explore
Kentucky's
water
systems
and
look
at
Kentucky
water
infrastructure.
There's
432,
Public,
Water
Systems
in
Kentucky
and
I.
E
Think
it's
important
to
to
note
that
Kentucky
Rural
Water
Association,
through
its
membership,
represents
95
percent
of
the
water
and
wastewater
Utilities
in
Kentucky.
Kentucky
has
213
water
treatment
plants,
and
one
thing
that's
interesting
about
that
is
those
plants
have
an
average
age
on
that
infrastructure
of
approximately
38
years.
E
One
of
the
things
that
I'll
kind
of
get
into
is
is
when
we
look
at
water
in
Kentucky
and
we
evaluate
his
the
history
of
water
and
where
we've
been
and
where
we
are
today
and
where
we're
going
and
I
hope.
That's
what
we
do
as
we
go
through.
This
presentation
identify
where
we
need
to
go
it's
important
to
make
note
of
a
few
things.
In
2019
the
American
society,
Society
of
civil
engineers
published
their
infrastructure
report
card.
E
There's
a
lot
of
room
for
improvement
there,
but
one
item:
that's
that's
interesting
to
note
that
there
was
recently
and
by
recent
I
mean
just
about
a
week
or
two
ago,
a
JD
Power
report
that
was
published,
that
ranked
Kentucky
number
one
in
the
nation
for
its
drinking
water
and
that's
out
of
all
50
states
and
and
the
thing
to
keep
in
mind
with
this
study-
is
that
study
evaluated.
Quality
reliability,
cost
Etc,
but
it
also
focused
only
own
large
utilities
across
the
country.
E
So
there
is
that
need
for
a
smaller
utility
infrastructure
and
we'll
talk
about
that
as
well.
Another
area
that
Kentucky
has
done
exceptionally
well
in
and
when
you
look
at
this
map,
that's
on
the
screen
is
the
availability
of
Public
Water
Systems,
95
percent
of
kentuckians
have
access
to
clean,
safe
drinking
water
and
another
area.
That's
that's
often
overlooked
is
the
efforts
of
regionalization,
and
so
over.
E
So
I
want
to
look
at
aging
infrastructure
first,
and
this
is
where
I'm
going
to
get
down
in
the
weeds
just
a
little
bit
and
give
a
lot
of
detail
but
I
think
it's.
It's
very
warranted.
One
of
the
major
talking
points
regarding
challenges
facing
Water
Systems
revolves
around
the
implications
of
Aging
infrastructure
and
the
necessary
steps
to
address
them
and
here's
some
key
takeaways
or
key
points.
Deterioration
of
infrastructure.
Many
water
systems
were
constructed
decades
ago.
E
Aging
infrastructure
can
also
contribute
to
significant
impacts
on
water
quality
issues,
leaky
pipes
and
outdated
treatment
methods
affect
water
quality
and
increase
potential
connect,
contamination
and
public
health
risk,
reliability
and
service
interruptions.
Aging
infrastructure
is
more
often
prone
to
failures
and
service
interruptions.
These
disruptions
can
particularly
be
challenging
in
rural
areas
that
are
prone
to
natural
disasters
or
or
where
backup
systems
and
operational
redundancies
are
not
readily
available.
E
Financial
constraints
and
economic
impact.
The
cost
of
maintaining,
repairing
and
replacing
aging
infrastructure
are
substantial
and
require
asset
management
and
planning,
and
quite
often
smaller
communities
struggle
to
provide
secure
funding
and
which
typically
leads
to
deficient
system
capacity,
deferred
maintenance
and
in
an
and
an
increased
log
or
backlog
in
repairs.
E
Regulatory
Compliance
we're
gonna
we're
gonna
dive
deep
into
this
in
just
a
second
I'm
going
to
I'm
going
to
skip
over
that.
In
essence
of
time,
but
aging
infrastructure
can
also
be
a
deterrent
to
economic
growth.
This
is
typically
due
to
a
lack
of
capacity,
reliability
and
redundancy
of
older
infrastructure.
So
in
in
April
of
this
year,
you
US
EPA
published
the
drinking
water
infrastructure
needs
survey,
and
what
this
survey
revealed
is
that,
over
the
next
20
years,
Kentucky
needs
7.8
billion
dollars
of
infrastructure
investments
in
its
water
systems.
E
When
you
evaluate
the
the
Wastewater
side,
that
report
is
currently
being
finalized
by
U.S
EPA,
but
the
last
report
that
we
had
was
published
in
2012
and
it
put
that
market
6.2
billion.
So
we
know
that
it's
going
to
be
substantially
higher
than
that.
So
that's
the
need,
and
when
you
look
at
the
7.8
billion
over
20
years,
that's
roughly
392
million
per
year.
So
that
shows
the
impending
need.
That
is
there
and
one
thing
that,
as
we
go
through
this
presentation,
I'm
going
to
identify
the
needs
on
each
slide.
E
But
what
I'd
like
to
do
is
is
wait
to
the
end
of
this
presentation
and
address
all
these
needs
concurrently,
because
what
you're
going
to
see
is
that
these
needs
coincide
with
one
one
another,
independently
Regulatory
Compliance
Regulatory
Compliance
is
a
significant
challenge
facing
Kentucky's
Water
Systems.
One
major
issue
with
Regulatory
Compliance
is
the
complexity
of
some
regulations.
E
Understanding
and
navigating
the
ever-changing
regulatory
landscape
can
often
be
overwhelming
for
utilities
that
do
not
have
the
technical
expertise
to
manage,
monitor,
ensure
Regulatory
Compliance
and
one
of
the
most
significant
impacts
of
Regulatory
Compliance
is
emerging
contaminants
and
new
regulations,
and
has
a
former
utility
manager.
I
could
spend
the
next
hour
just
talking
about
this
topic,
I
guess
the
main
takeaway
is
that
this
is
going
to
be
extremely
costly,
labor
intensive
and
necessitate
A
specialized
technical
skill
set
for
Utilities
in
the
future.
This
also
leads
into
inadequate
treatment
methods
and
Technologies,
as
new
contaminants
emerge.
E
If
we
evaluate
funding
and
financial
constraints,
that's
another
significant
challenge.
Water
Systems
face
these
commonly
include
utility,
Financial
sustainability,
the
inability
to
qualify
for
various
funding
opportunities
and
the
lack
of
funding
for
non-capital
cost.
When
we
look
at
a
utilities,
Financial
sustainability,
we
typically
start
with
rates
and
many
utilities
have
insufficient
rates
that
limit
operating
and
maintenance
cost
recovery
and
that
don't
support
new
capital
projects.
E
Another
area
of
focus
is
the
opportunity
for
regionalization
and
consolidation
and
I
know
I'm
skipping
some
of
these
and
and
I
think
some
of
them
are
self-explanatory
and
we
can
come
back
to
those
if
need
be,
but
some
utilities
carry
substantial
debt
and
liabilities
that
often
discourage
regionalization
efforts
and
for
utilities.
Considering
taking
over
another
system,
there's
a
typical,
there's,
typically
a
significant
expense
involved
when
allocating
financial
resources
and
technical
assistance
to
be
to
bring
deficient
systems
into
operating
and
Regulatory
Compliance.
E
I'm
going
to
go
to
that
slide
from
the
2022
Kentucky
water
Workforce
survey
that
was
conducted
by
the
University
of
Kentucky's,
Water
Resource,
Research,
Institute
I've
listed
a
lot
of
this
information
and
it's
within
your
packet
and
I'm
not
going
to
touch
on
each
of
these
individually,
but
I
and-
and
this
is
just
a-
this-
is
just
a
pulling
out.
A
few
highlights
from
this
report.
E
I
placed
a
link
in
this
presentation
to
the
full
report
and
it
has
some
great
information
that
that
revolves
around
our
industry,
but
I
do
want
to
touch
on
just
a
few
things.
50
56
percent
of
utilities
do
not
have
enough
certified
water
operators
and
65
percent.
Do
not
have
enough
certified
Wastewater
operators
and
the
big
takeaway
from
that
is
is
half
of
the
water
and
wastewater
Utilities
in
Kentucky
currently
do
not
have
enough
certified
operators
to
meet
the
daily
operational
needs
that
exist
today.
E
30
percent
of
operators
and
40
percent
of
utility
managers
plan
to
retire
within
the
next
six
years,
and
we
already
have
a
Workforce
shortfall,
and
this
problem
will
be
further
compounded
by
the
by
Future,
attrition
and
I.
Think
it's
important
to
note
that
20
of
the
survey
respondents
were
less
than
35
years
old
and
only
two
percent
were
less
than
25
years
old,
and
this
data
underscores
the
necessary
the
necessity
of
implementing
strategies
and
recruitments
aimed
at
appealing
to
a
younger
generation
of
of
workers.
E
How
do
these
challenges
impact
the
needs
of
of
Kentucky's
utilities?
Infrastructure
investment
is
pretty
straightforward,
however,
although
we
have
witnessed
unprecedented
infrastructure
funding
opportunities,
the
identified
project
needs
for
Kentucky
water
utilities
significantly
surpasses
the
conventional
funding
options
that
are
available
and,
in
spite
of
the
news,
industry,
Publications
and
other
it
other
areas
that
highlight
the
record
funding
opportunities
available.
E
A
funding
Gap
remains
for
water
systems
that
lack
the
managerial
and
financial
capacity
to
access
these
opportunities,
and
quite
often
rural
systems
just
have
a
lack
of
knowledge
and
information
about
the
funding
of
opportunities
that
are
available.
Another
form
of
needed
utility
infrastructure
investment
is
technological
upgrades
by
incorporating
Advanced,
Technologies
and
modern
water
treatment
methods.
Utilities
can
improve
system,
efficiency,
resiliency
and
water
quality,
while
reducing
operating
costs
and
help
lower
the
needed
Workforce
demand.
E
Technical
assistance
represents
another
essential
need
with
multiple
facets
that
are
that
are
directly
interconnected
with
other
utility
Strat
strategies
that
we've
identified.
Small
water
systems
often
need
very
specific
technical
assistance,
as
it
relates
to
utility
operations,
treatment,
Finance,
Regulatory,
Compliance
and
Workforce
Development.
We
could
spend
another
hour
specifically
talking
about
technical
needs
of
our
utilities,
but
what
I
want
to
do
is
briefly
give
you
a
great
example
of
needed
technical
assistance
as
it
relates
to
geographic
information
systems
or
GIS
and
Kentucky
rural
Waters
efforts
to
meet
these
needs
for
smaller
Utility
Systems.
E
The
use
of
GIS
allows
util
and
I'm
just
using
this
as
one
technical
example,
the
use
of
GIS
allows
utilities
to
have
inventory
and
working
map
of
their
distribution
system,
but
all,
but
it
also
establishes
the
framework
for
developing
a
utility,
Asset
Management
plan
and
subsequent
Capital
Improvement
plans.
We
found
out
during
the
Western
Kentucky
tornado
answer
in
2021
in
the
Eastern
Kentucky
flooding
events
in
2022.
E
We
have
other
numerous
numerous
initiatives
underway
to
assist
water
systems,
but
this
is
a
good
boots
on
the
ground
example
of
collaborative
strategic
Partnerships
that
Target
multiple
funding
opportunities
to
maximize
a
common
solution
for
utilities
across
the
Commonwealth
another
need
is
asset
management
and
planning,
comprehensive
Asset
Management
plans,
Place
emphasis
on
the
infrastructure
needs
and
pinpoint
critical
assets.
This
data
can
then
serve
as
a
framework
for
both
short
and
long-term
planning,
identifying
maintenance,
Rehabilitation
and
New
Capital
infrastructure
projects.
E
E
E
So,
in
conclusion,
the
state
of
Kentucky
is
poised
to
capitalize
on
its
water
and
wastewater
capabilities.
As
we
look
to
the
Future,
there
are
a
few
questions
that
come
to
mind,
and
these
are
just
my
questions
as
I
Ponder,
There's,
No
Agenda.
There's
no
ask
these
are
just
things
that
we
are
focusing
on
for
the
future
of
our
industry
and
in
the
Revival
around
what
strategies
can
we
employ
to
address
these
challenges
proactively?
E
A
Good,
thank
you
very
quickly
before
we
move
on
to
a
particular
question.
Rural
Water
speaks
on
behalf
of
or
addresses
in
particular
how
many
districts
across
the
Commonwealth
by
percentage,
are
by
numbers.
So
when
we're
talking
to
Rural
Water
we're
talking
10
percent
of
the
districts,
90
percent
of
the
districts.
E
F
Sir,
thank
you
Mr,
chair,
I'm,
on
a
double
barrel
here,
so
hopefully
what
I'm
working
at
some
point
in
time.
First
of
all,
Mr
Young!
Thank
you
for
your
presentation
today.
It's
so
much
needed
for
people
to
understand
and
and
be
aware
of.
What's
going
on
in
Kentucky,
as
you
know,
probably
know,
I
represent
air,
that's
in
in
dire
need
and
that'd
be
in
Martin
County
and
that's
the
Martin.
County
is
just
a
sample.
F
A
lot
could
be
anywhere
in
Kentucky
if
we're
not
looking
at
this
very
deeply
and
very
hard
and
trying
to
address
this
issue.
So
I
want
to
thank
you
for
that.
I.
Don't
know
why
you
chose
to
take
on
this
charge,
but
I
certainly
appreciate
you
doing
that
on
the
comment.
F
The
question
that
I've
got
and
and
you've
brought
up
about
the
your
lack
of
certified
qualified
employment
I
would
hope
that
KCT
says
this
is
this
is
a
Workforce
neat
and
I
would
hope
that
with
this
new
president
coming
in
kctcs
or
something
would
really
jump
on
this
because
as
I
understand
it,
and
you
correct
me
if
I'm
wrong,
you
said:
there's
432
Public
Water
Systems
in
Kentucky.
Probably
all
of
them
have
different
boards.
F
F
People
to
pull
from-
and
it's
not
just
in
Kentucky,
so
if
somebody
were
to
get
these
credentials,
they're
not
limited
to
just
Kentucky.
This
is
a
great
Workforce
opportunity
for
people
to
gain
skills
and
become
gainfully
employed
very
well.
So
my
question
is:
do
you
think
we
should
have
more
of
a
hold
on
that?
Because
you've
got
these
individual
systems
or
or
what.
F
Hey,
maybe
you
hired
someone
like
me
and
I
couldn't
and
there's
a
lot
of
chemistry
involved
in
it.
It's
not
a
lot
of
math
involved
in
this.
If
you
don't
have
that
skill
set,
then
then
you,
then
you
take
a
real
risk.
I,
like
your
apprenticeship
program,
I,
think
that's
a
great
opportunity,
but
at
the
same
time,
how
can
we
help
with
that
as
legislative
point
of
view?
How
can
we
help
to
make
sure
that
we
got
a
pool
of
people
to
pull
from
ronnell
was
so
far
behind?
F
E
Sir,
and
and
thank
you,
representative
McCool,
you
bring
up
some
very
great
points,
the
the
way
that
our
apprenticeship
program
is
structured
with
it
being
a
Department,
Federal
Department
of
Labor
program.
There's
certain
specifications
as
it
revolves
it's
on
the
job,
training
and
I
won't
get
into
all
those
criteria.
I
can
but
there's
a
program
Associated
and
you're
exactly
right.
That
is
more
of
once
that
Apprentice
is
hired
and
already
working
at
the
utility.
We
start
him
down
that
pathway
to
become
a
certified
operator
through
that
apprenticeship
program,
and
you
identified
a
need
there.
E
You
bring
up
also
a
good
point
that
once
they
get
to
that
that
certified
operator
status
and
there's
different
levels
of
being
certified,
they
can
take
that
with
them
and
one
of
the
things
that
and
I
didn't
point
this
out.
But
one
of
the
things
in
that
report-
and
it's
listed
on
that
statistics-
is
that
I
think
it
was
70
percent
of
the
the
utilities
have
lost
Workforce
and
they've
lost
them
to
other
bigger
utilities,
so
they
tend
to
migrate
where
there's
better
pay
better
benefits
better
opportunity
for
advancement.
E
You
know
those
types
of
things
and
so
that
the
problem
is
so
complex
and
and
compounds
upon
itself
that
it
isn't
just
a
Workforce
problem.
We
got
to
figure
out
pay,
we
got
to
figure
out.
We
got
to
figure
out
benefits.
We
got
to
figure
out
advancement
opportunities.
We've
got
to
figure
out
everything
that
revolves
around
the
water
in
the
Wastewater
sector
and,
basically
to
answer
that
question.
G
Alluded
to
it
or
ADD
program,
you
are
using
the
registered
apprenticeship,
that's
National!
Yes,
sir
and
I
thought
is
the
state
helping
you
with
that
on
setting
up
bringing
new
people
because
I
think
if,
if
they're,
if
the
operators
know
that
most
of
the
time
you
talk
talk
about
them
getting
their
credentials
and
then
transitioning
away
most
of
the
time.
If
you
spend
the
time
and
money
into
a
an
apprentice,
they
stay
with
you.
G
They
don't
move
except
for
the
one,
the
program
at
Bell
County,
because
in
Bell
County,
that's
a
a
low,
it's
a
prison,
so
they
have
an
apprenticeship
program.
They
do
want
to
leave
there.
So
thank
you.
E
And
that's
a
great
point,
because
the
the
pathway
is
limited
right
now
and
we
do
coordinate
with
the
state
on
helping
in
acquiring
what
facilitation
assistance
we
can
get
from
them.
I
think
one
of
the
big
needs
that
we
see
is
we
got
to
figure
out
how
to
get
before
they
even
get
to
the
utility
level.
We
got
to
figure
out
how
to
get
them
in
that
pathway.
E
So
there's
opportunity
to
help
with
with
minimum
tuition
costs
associated
with
the
apprenticeship
program.
It's
very
cost
effective
program
that
and
when
I
say
tuition,
we're
not
charging
people
to
participate,
we're
just
covering
the
the
material
that's
needed
in
the
courses
that
are
needed
for
them
to
meet
those
federal
guidelines,
but
there's
a
lot
of
opportunity
for
us
to
expand
upon
those
capacities
in
in
that
pathway
and
if
we
could
ever
figure
out
some
type
of
mechanism.
E
C
Thank
you
Mr
chairman
I
have
said
this
and
I
didn't
exactly
catch
it.
So
I
just
want
to
clarify
the
20-year
in
infrastructure
investment
that
you're
talking
about
at
7.8
billion.
Is
that
for
our
existing
infrastructure
or
does
that
encompass.
E
That
is
looking
primarily
at
the
existing
infrastructure
that
we
have
and
how
do
we
place,
replace
the
Aging
components
of
that?
How
do
we
improve
the
treatment
capacities
of
that
comply,
regulatory
with
the
regulatory
requirements
that
are
coming
and
there
will
be
things
that,
from
a
capacity
to
development
standpoint?
That's
included
in
that,
but
that's
not
going
to
include
upgrading
a
water
treatment
plant
for
a
possible.
You
know:
end
user
Factory,
that's
going
to
use
a
million
gallons
per
day.
It's
not
taking
in
those
things.
That's
just
looking
at
the
condition
of
our
existing
infrastructure.
H
D
H
Not
only
in
a
rural
water
area
but
and
all
types
of
areas
of
not
only
Kentucky
Across,
the
Nation,
but
there's
something
in
particular.
You
said
in
your
presentation
that
stood
out
to
me
I
wanted
to
ask
if
you
could
expand
on
that
a
little
bit
more
and
pardon
me
if
I
wrote
this
down.
Pardon
me
if
I
didn't
get
every
word
correct,
but
it
said
something
like
Rural
Water,
Utilities,
often
lock,
resources
to
identify
funding
opportunities
that
may
be
available.
H
Is
this
more
related
to
a
Federal
grant
opportunities
with
with
you
know,
recent
legislation,
infrastructure
inflation
reduction,
actually
those
sorts
of
things
or
is
it
other
types
of
funding
or
what
is
meant
when
you
make
a
statement?
That's
a
very
alarming
statement
to
me
and
anything
we
can
do
at
all
to
improve
that
situation.
I
think
everybody
needs
to
know
that
so.
E
Yes,
sir,
that's
a
great
question
represent
representative
Gentry
and
I
guess
coming
from
the
large
utility
world
that
I
came
from
where
you
had
a
so
much
so
many
resources,
people
you
had
you
know
we
could
just
handle
these
types
of
things.
So
the
biggest
and
I
say
the
story
all
the
time
to
my
colleagues
but
the
biggest
eye-opening
experience
for
me
coming
from
that
utility
world
into
the
Rural
Water
setting
is
just
understanding
the
daily
capacity
that
some
of
these
smaller
systems
have.
E
You
may
have
a
water
district
that
only
has
four
employees,
and
sometimes
they
may
lack
the
managerial
or
financial
capacity
to
to
even
apply
for
some
of
these
funding
opportunities.
So
when
I
talk
about
technical
assistance,
it's
not
not
just
the
assistance
in
operating
the
day-to-day
distribution
system
or
water
treatment
plant.
It's
the
technical
assistance
needing
and
developing
a
budget
Capital
Improvement
plans
assisting
with
the
process
of
audits.
E
There's
several
utilities
that
Miss
out,
especially
through
the
state,
Reviving
long
fund
process,
because
they
haven't
had
an
audit
in
in
two
or
three
years,
and
so
there's
a
need
there
just
to
assist
some
of
these
systems
from
that
capacity.
Standpoint
of
of
internal
those
soft
costs
to
get
them
where
they're
ready
to
go
after
some
of
these
funding
opportunities.
Does
that?
Does
that
make
sense
very.
I
I've
served
on
a
lot
of
water
task
forces
through
the
years
and
I
think
your
numbers
are
conservative
as
to
need
and
notwithstanding
potential
growth,
but
also
the
pfas
and
and
how
we
factor
in
you
know
until
the
feds
you
know
anticipated
Federal
Regulation
and
then
with
whatever
Kentucky's
going
to
do
to
with
that,
coupled
with.
I
E
The
thing
that's
most
concerning
coming
from
that
utility
world
when
I
look
at
these
emerging
contaminants
and
when,
when
you,
when
you
bring
up
pfos
and
PFO,
which
is
perm
polyfloral
substances,
I
had
the
pleasure
of
serving
on
National
Waters
legislative
committee,
where
we
made
comments
on
that
Federal
on
the
that
Federal
registry
and
those
proposed
regs
the
level
of
complexity
of
what's
in
there
and
what's
coming
and
the
limits
that
they
have
proposed.
It's
not
a
law.
E
Yet
it's
still
in
that
it's
still
being
promulgated,
but
as
a
former
utility
manager
emerging
contaminants
concern
me
to
the
level
of
Aging
infrastructure,
the
the
the
the
the
need
for
a
number
one,
the
cost
that
the
end
cost
is
going
to
go
to
the
ratepayers
to
comply
with
the
emerging
contaminants.
It's
going
to
be
tremendous,
but
it's
not
just
an
issue.
That's
going
to
hit
impact
Kentucky,
that's
going
to
be
a
nationwide
issue
and
and
there's
so
many
other
things,
so
it
factors
into
that.
E
E
I
A
G
A
A
Now,
first
off,
if
I
don't
know,
if
y'all
were
in
the
room,
when
we
very
first
started
that
wireless
microphone
is
what
you'll
want
to
use
to
talk,
there
is
a
system
problem
in
the
annex
right
now,
and
so
that's
going
to
cut
out
if
you
use
a
wired
mic
for
the
record,
let's
keep
that
if
each
of
the
each
of
you
will
introduce
yourselves
for
the
records,
please.
A
K
You
Mr
chairman
here
we're
going
to
talk
today
about
Kentucky's
reserve
and
I'm,
going
to
give
you
a
little
background,
a
little
overview,
the
reserves
in
recent
history
and
when
they're
talking
about
the
reserves
today,
I'm
talking
about
the
general
funds
budget,
Reserve
trust
fund
commonly
sometimes
calls
a
rainy
day
fund
statutory.
That's
the
name
of
our
our
fund.
The
budget,
Reserve
trust
fund.
K
The
budget
Reserve
trust
fund
actually
was
was
enacted
during
Governor,
Jones,
Administration
and
general
assembly.
We
started
one
in
the
early
90s
and
then
around
mid
90s.
We,
the
general
assembly,
passed
the
statute
to
create
the
actual
trust
fund.
It's
part
of
KRS
48705,
it's
part
of
the
general
fund
and
so
I'm
going
to
talk
a
little
bit
about
recent.
You
know
phenomenal
history
of
the
budget,
Reserve
trust
fund
I've
got
about
a
25-year
barcher
got
about
a
25
year
bar
chart
here.
K
That
shows
the
bar
level
is
the
level
is
the
end?
If
you
will
the
end
of
the
year,
balance
of
the
budget,
Reserve
trust
fund
and
then
down
below
you'll
see
a
percentage
which
is
measured
as
the
trust
funds
balance
as
a
divided
by
general
fund
revenues
for
that
year.
All
right,
so
you
can
see
that
the
last
three
years
have
been
last
four
years
actually,
but
last
three
years
have
been
something,
unlike
we've
seen.
K
Actually,
since
the
Inception
of
the
budget
Reserve
trust
fund
in
the
mid
90s,
we
are
now
up
to
over
3.7
billion
dollars
at
the
end
of
fiscal
23,
we
deposited
1.45
billion
dollars
from
the
fiscal
23
Surplus
and
the
general
fund
to
the
budget,
Reserve
trust
fund,
bringing
it
up
to
that
balance.
Almost
almost
a
quarter
of
our
general
fund
revenues,
the
National
Association
of
state
budget
officers
in
June
released
a
report
with
estimates
of
all
50
states
of
the
balance
of
their
budget.
K
Reserve
trust
funds,
equivalent
Reserve
funds,
Kentucky
baseball
on
that
we
would
rank
sixth
highest
four
years
ago.
We'd
have
been
fourth
lowest
and
five
of
those
six
states
are
oil
states,
which
typically
have
very
high
reserves
because
of
the
volatility
of
that
Revenue
stream
in
Alaska
and
New
Mexico
and
North
Dakota
States
like
that,
so
you
know
really
a
unique
circumstance.
K
J
K
I
also
want
to
talk
about
the
uses
of
the
budget
Reserve
trust
fund.
This
is
just
a
bar
chart
that
showed
the
value
of
the
uses
since
fiscal
2000
and
you
can
see
the
last
time
we
used
the
budget
Reserve
trust
fund
to
accommodate
or
partially
a
revenue
shortfall
was
fiscal
2009
where
we
used
219
million.
You
see
that's
about
in
the
middle
of
the
chart,
which
was
an
outlier.
You
can
see
from
some
of
the
other
other
years
and
then
you
move
over
into
the
last
two
years
that
we
just
finished.
K
Two
events
were
significant
here
in
fiscal
22:
the
2021
special
session
that
dealt
with
economic
development
incentives,
one
of
which
resulted
in
a
pretty
major
two
EV
battery
plant
in
Hardin
County.
That
was
an
appropriation
that
was
a
use
of
the
budget,
Reserve
trust
fund
of
410.6
million
dollars.
That
was
the
bulk
of
that
that
bar
chart,
and
then
this
past
year,
fiscal
23
we
had
485
million
dollars
in
uses
the
majority
of
that's
related
to
the
Eastern
Kentucky
flooding
disaster.
K
In
the
special
session
of
2022,
you
appropriated
200
million
for
the
East
Kentucky
safe
fund,
and
then
we
had
over
266
million
dollars
in
what
we
refer
to
as
necessary
government
expenses
through
the
department
of
military
Affairs,
division
of
Emergency
Management.
Those
are
the
expenses
to
respond
to
the
flooding
disaster
and
and
it's
still
ongoing.
And
so
that
was
we're
so
fortunate
in
those
two
instances
to
have
a
a
large
budget,
Reserve
trust
fund
to
be
able
to
accommodate
a
great
Economic
Development
opportunity.
K
And,
secondly,
the
response
to
one
of
the
most
significant
disasters
we've
ever
incurred.
So
just
using
that
as
a
lesson
of
of
of
the
good
use
of
budget
Reserve
trust
funds.
So
I'm
going
to
turn
the
mic
over
to
Ryan
Barrow
and
talk
a
little
bit
about
the
investment
of
reserves
and
some
of
the
underlying
principles
and
and
techniques
that
he
uses.
L
Sure
thank
you
secretary.
It's
pleasure
to
be
here
today
always
interested
to
talk
about
Investments.
Usually
I
get
the
debt
opportunity,
but
it
all
starts
in
statute.
42
500.
that
really
sets
up
the
state
investment
commission,
that
is
the
oversight
of
all
Investments
That
entity,
as
I
said,
is,
is
really
42
500
sets
it
all
up.
It
outlays
our
investment
objectives.
How
what
are
our
goals
and
Investments
it
mandates
funds
and
exists
of
current
cash,
so
current
cash
is
at
JP
Morgan
that
pays
the
bills.
That's
a
money
in
and
out.
L
This
is
outside
of
our
checking
account
and
it
is
invested
in
permissible
Investments
as
defined
by
that
statute,
and
then
there's
kind
of
a
general
fault
on
how
interest
is
posted
within
the
Commonwealth
below
that
we
have
a
series
of
regulations
and
won't
bore
you
with
those
details,
but
that
really
gets
us
past.
All
the
structural
policy
issues
down
into
the
implementation
which
our
office
is
in
charge
of
that's
spelled
out
in
summer
is
in
our
investment
manual
that's
available,
and
it
adds
some
additional
things
that
sic
takes
in
in
terms
of
trading
limits.
L
How
much
we
have
a
portfolio
manager
here
today
how
much
she
can
or
cannot
invest
as
well
as
the
rest
of
her
team,
trade,
execution,
Etc
and
I.
Do
note.
Although
it's
been
some
time,
we
did
have
an
external
consultant
come
in
in
2012
pfm,
nationally
renowned,
consultant
and
investment
space
kind
of
validated
that
gave
us
some
things
to
implement.
I
actually
started
just
after
that
pfm
report
so
was
able
to
work
on
some
of
those
implementations.
L
So
the
investment
objectives,
kind
of
where
we
start
it
is
kind
of
a
fiduciary
responsibility.
You
know
your
customer
and
our
customers
are
basically
three
thousand
plus
accounts
across
the
Commonwealth.
We
do
have
kind
of
a
three-tiered
approach,
it's
different
than
maybe
the
retirement
savings
that
you
have
out
there.
Our
first
is
Preservation
principle
that
is
key.
It's
LED,
those
that
did
not
focus
on
that
led
to
the
three
bank
failures.
Recently,
we've
all
read
about
in
The,
Press,
more
focused
on
the
state.
L
You
know
no
one
in
our
position
is
able
to
go
out
and
buy
a
long-term
security
or
a
high
risk
asset
and
have
the
general
assembly
appropriate
money
and
us
to
say
well.
If
we
have
to
liquidate
that
security
is
going
to
be
taken
at
a
loss,
we
don't
have
that
ability.
L
Second,
is
liquidity.
So
behind
you
know
preserving
the
states
and
citizens
cash
is
that
liquidity.
We
have
to
be
able
to
pay
the
bills,
so
we
have
to
get
money
kind
of
from
Investments
to
and
from
our
checking
account
to
ensure
there's
adequate
money,
and
we
can't
anticipate
everything
and
obviously
the
the
budget.
Bill
dictates
quite
a
bit
of
movement
of
money
that
we
cannot
anticipate,
so
we
have
to
ensure
that
those
bills
are
paid.
Third
and
behind
those
two
is
maximization
or
return.
L
Secretary
talked
about
the
general
fund
reserves
in
in
the
budget
office
and
the
controller's
office
function
more
at
the
account
level.
Our
office
functions
above
that
at
what
we
call
the
pool
level
so
that
those
reserves
are
in
kind
of
this
are
in
the
short-term
pool
and
that's
really
just
general
for
money
and
related
money.
But
the
vast
majority
of
it
is
the
budget
Reserve
trust
fund.
L
We
have
a
longer
duration
pool
than
intermediate
and
we
have
kind
of
a
money
market
equivalent
that
we
run
right
now,
there's
been
several
others
in
my
tenure
here.
We've
had
Trans
in
the
Louisville
Bridge
Pool
that
I
was
able
to
work
on
WE
invested
that
separately
in
Pre
me
working
in
ofn.
There
was
a
UK
hospital
and
there's
tobacco
Investments.
L
So
this
chart
is
a
little
bit,
but
I
think
it
does
a
really
good
job
at
the
point
we're
trying
to
articulate
in
terms
of
cash
balances.
So
if
I
could
draw
your
attention
to
the
bottom,
the
line
that
is
where
the
state
had
functioned
historically
Kim's,
been
here
20
plus
years,
our
portfolio
manager
she's
seen
you
know
basically
negative
cash
balances
in
the
general
fund.
So
we
talk
about
kind
of
a
status
point
of
the
budget,
Reserve
trust
fund,
but
we
allocate
and
the
state
spends
money
faster
than
we
collected.
L
L
That
has
since
changed
as
secretary
Hicks
talked
about
kind
of
those
large
increases
in
the
budget.
Reserve
trust
fund
drove
some
of
this
Federal
money
drove
some
of
this.
So
if
I
could
I'm
not
really
good
with
colors
but
the
greenish
yellowish
at
the
bottom,
we
start
in
2021
to
see
a
drastic
change.
We
obviously
have
that
dip
and
outlay
of
cash
that
we
see
kind
of
throughout
the
year,
but
it's
offset
by
those
surpluses
and
additional
Federal
money.
L
So
we
see
a
climb,
so
maybe
about
May
of
2021
is
where
the
general
fund
short-term
pool
actually
has
a
positive
balance,
and
then
that
continues
as
additional
budget
surpluses.
So
the
debt
side
of
ofm
absolutely
loves.
This
liquidity
is
basically
substantially
improved.
Our
credit
ratings
as
a
result
of
that
are
affected
with
a
lot
less
liquidity
and
we're
not
running
a
negative
cash
balance,
and
we
don't
have
to
do
the
other
things.
L
A
lot
of
other
states
do
that
those
cash
balances
that
they're
negative
most
days
run
a
deficit
and
they
have
to
issue
debt
to
basically
pay
the
bills
throughout
the
year.
We
don't
necessarily,
we
don't
have
to
do
that.
We
don't
have
to
do
that
anymore,
and
we
used
to
enter
fund
borrow
we
don't
necessarily
we
don't
have
to
enter
fund.
Borrow
general
fund
doesn't
have
to
enter
fund
borrower
from
other
agencies,
so
that
has
drastically
changed.
You
know
with
that
Improvement
in
liquidity,
so.
L
It
would
be
in
the
average,
so
we're
basically
saying
fiscal
year.
20
before
was
is
represented
by
that
bottom
line.
We're
running
in
negative
cash
flow
positions
throughout
the
year.
L
We
we
didn't
want
to
make
it
too
busy,
so
we'll
give
you
both
a
table
and
and
we'll
get
that
to
you
yep.
Thank
you.
Thank
you.
So
really,
two
things
have
changed.
Historically,
the
general
fund
didn't
have
any
cash
we
have.
The
general
fund
has
cash
now,
and
it's
still
and
for
recent
history.
The
last
decade,
particularly
in
the
last
couple
years
rates,
have
been
at
zero.
So
you
know
there
was
modest
earnings
even
with
low
and
negative
cash
balances.
L
Historically,
there
was
modest
earnings
and
there
has
been
basically
negative
earnings,
because
the
general
fund
would
be
in
a
negative
cash
flow
position.
I
have
to
borrow
from
other
funds
and
pay
a
repo
rate.
So
instead
of
borrowing,
it
was
a
cheaper
option
than
borrowing
like
Illinois
and
other
states
do
they'll
issue.
Trans
Iran's
was
a
cheaper
option
to
enter
fund
borrow
so
that
policy
decision
was
made
number
of
years
ago
to
enter
phone
borrow
fast
forward
to
larger
cash
balances.
Higher
interest
rates,
the
general
fund
had
a
great
year
in
2023.
L
And
kind
of
how
partly
how
that
happened.
But
yes,
sir.
A
A
Free
in
the
in
the
budget,
Reserve
trust
fund
just
want
to
make
sure
we
don't
get
that
that
confused
with
what
the
ending
balance
was
after
the
money
was
dumped
in
at
the
end
of
the
fiscal
year.
This
is
on
2.2
or
2.3
billion.
That
was
maintained
in
the
trust
fund.
It's
worth,
150
investment
income
comes
from
well.
L
So
again
focused
on
higher
bounces
higher
higher
rates
produced
the
earnings
and
we've
actually
just
recently
posted
the
the
first
month
of
just
recently
posted
this
month
and
we're
seeing
that
continue
into
the
fiscal
year
so
kind
of
in
terms
of
you
know
what
was
handled
predominantly
really.
The
second
two
bullet
points
is
where
the
short-term
pool
was
invested.
With
the
uncertainty
around
covid.
You
know,
various
budgets
could
have
large
Appropriations
and
the
ever
increasing
and
forward
projection
of
rates.
L
The
short-term
pull
was
basically
kept
in
a
money
market
in
repo
repurchase
agreements.
Just
this
January,
given
the
larger
balances,
some
rate
stabilization
I,
want
to
be
clear.
We
are
not
in
the
business
of
projecting
interest
rates.
If
you
know
somebody
tells
you
they
are
and
they're
not
on
a
beach.
You
know
living
off
earnings,
they're
lying
to
you,
so
we
are
not
in
that
industry.
However,
we
felt
there
was
some
certainty
around
it
and
given
the
large
cast
bounces,
we
have
implemented
implemented
a
treasury
and
agency
cash
match.
L
So
historically,
we
know
when
needs
were
for
the
State.
We,
you
know
the
budget
office
controller
office,
does
a
good
job
of
anticipating
future
needs,
so
we
basically
have
treasuries
and
agencies
matched
future
cash
needs
and
we've
created
a
longer
duration
and
been
able
to
pick
up
some
additional
yields.
But
again,
this
is
all
within
statute
and
Regulatory
guidance.
L
This
is
this
is
fixed
income
and
securities
that
don't
move
substantially
with
interest
rate
changes
because,
as
I
said
before,
we
are
not
in
the
position
to
tell
the
general
assembly
through
an
appropriation
that
a
Securities
invested
long
term,
and
you
can't
have
that
money
for
a
duration
or
we
got
to
sell
it
at
a
loss,
so
so
that
that
is.
That
is
a
key
tenant
of
how
we
invest
those
proceeds.
L
But
we
have
increased
systematically
and
laddered
Out
Security,
since
this
gen
this
January,
that
is
producing
additional
yield,
and
we
will
see
that
in
monthly
and
fiscal
year,
reporting.
K
Yeah
and
just
just
to
add
on,
we
would
watch
these
monthly
interest
incomes
during
this
past
fiscal
year
and
we
would
call
him
you
know
and
say
all
right.
You
know
explain
that
for
us,
you
know
we
wanted
to
understand,
because
we've
never
seen
this
before
right,
a
high
budget,
Reserve
trust
fund
balance
and
then
short-term
rates
having
risen.
You
know
this
is
this.
Is
you
know?
This
is
good
fortune?
K
You
know
for
the
general
fund
and
as
as
Ryan
said
in
KRS,
42
500,
section
12,
the
interest
income
earned
on
general
fund
balances,
including
the
budget
Reserve,
goes
to
the
general
fund.
Interest
income
or
not
Road
fund
balances
goes
to
the
road
fund,
one
of
the
other
things
that
he
mentioned.
You
see
those
negatives
you
see
in
a
handful
of
years,
that's
because
of
the
method
of
accounting
that
the
governmental
Accounting
Standards
boards
requires
from
us.
So
we
do
what
they
call
Mark
to
Market
on
a
monthly
basis.
K
So
it's
we
could
buy
a
bond
and
we
know
we're
going
to
get
that
Bond
principle
back
down
the
road.
We
know
we're
going
to
get
the
interest
earnings
on
it,
but
in
July
that
Bond
not
may
not
be
worth
as
much
as
it
was
when
we
bought
it,
even
though
we're
guaranteed-
and
so
we've
got
to
account
for
that
lower
value,
and
so
so
there's
predictability
issues,
and
these
are
very
predictable.
That's
why
you
can
see
some
negatives
there,
not
only
because
we
had
negative
cash
balances,
but
sometimes
in
a
monthly
basis.
K
Until
we
mature
to
a
to
an
instrument,
we
have
to
see
negatives.
The
reason
I
bring
this
up
is
another
example.
He
mentioned.
Is
the
Capital
Construction
investment
income
pool,
that
is
a
source
of
funds?
That's
statutory!
It's
been
around.
It
gets
the
interest
income
on
all
the
funds
that
don't
already
have
a
dedicated
interest
income
like
most
of
the
funds
that
are
created
in
statute.
You
will
write
in
your
drafting.
K
They'll
get
their
own
interest
income,
but
there
are
funds
out
there
that
don't
and
the
Cap
Construction
investment
income
account
receives
that
the
the
benefit
of
that
so
so
Ryan
and
his
staff
take
those
a
little
bit
longer
out
because
the
liquidity
issues
are
not
the
same
as
the
general
fund
and
the
road
fund,
and
so
I'll
give
you
an
example.
In
fiscal
year
22
we
were
negative,
40
million
in
that
account.
K
When
we
do
the
budget,
when
you
all
do
the
budget,
we
look
at
that
account
to
fund
maintenance,
pools,
basically
right
and
so
in
the
budget
we
are
sitting
in
in
fiscal
23.
We
had
zero
dollars,
budgeted
in
maintenance
pools
from
that
Source
in
fiscal
23.
Because
of
what
happened
in
fiscal
22.,
we
do
have
funds
appropriate
in
fiscal
24
and
last
year
fiscal
23
we
gained
around
I,
think
it
was
about
40
million
dollars.
K
Positive,
so
predictability
isn't
also
an
issue
when
you're
deciding
how
to
invest
and
what
it,
what
the
source
of
funds
you're
investing.
So
it's
it's
a
little
bit
of
issue
and
one
of
the
things
we're
working
on
right
now.
My
staff
did
in
working
with
lrc
staff,
is
you
know,
getting
ready
to
forecast
revenues
for
the
next
budget?
Well,
we're
paying
close
attention
to
this
item
investment
income.
We
do
have
to
somewhat
predict
interest
rates
when
we're
trying
to
estimate.
You
know
30
months
out,
but
this
is
this
is
something
that
we've
got.
A
A
What
wasn't
and
you
were
great
to
work
with
and
and
I
think
back
then
I
assured
you
in
that
conversation
that
Senator,
McDaniel
and
I
both
were
committed
to
making
sure
that
there
was
a
healthy
Reserve
that
would
be
there
and
so
that
money
can
be
used
for
longer
term
investments.
So
you
can
avoid
your
liquidity
issues
with
rolling
debts
and
rolling
issuances
and
those
type
things
and
what
you're
doing
you
said
it
would
take
a
little
bit
of
time
it
did.
A
But
when
we
started
seeing
the
investment
Revenue
coming
in
the
monthly
reports
and
like
Ryan
has
got
this
thing
going
now
and
I'm
so
tickled
to
see
it
so
I
want
to
tell
you
thank
you
it's
doing
as
well
or
better
than
what
we
had
hoped
and
right
now.
You
know
it
better
than
I:
do
you
can
seize
on
some
very
safe
Returns
on
your
Investments
at
a
higher
rate
than
you
could
have
gotten
in
the
last
two
or
three
or
four
or
15
years?
A
C
L
So
that
is
some
of
what
I
touched
on
in
the
kind
of
investment
manual,
as
well
as
some
policy
procedures
of
our
office.
So
it
really
depends
on
you
know
as
long
as
you're
within
statute
and
reg
in
terms
of
what
you
you
can
invest
in.
We
have
live
trading,
so
we
use
Bloomberg
Bloomberg
compliance
manager.
So
it
was
very
you
know
when
you
see
a
movie,
you
see
those
machines
in
the
background.
Well,
we
have
a
couple
of
those.
L
They
don't
look
as
nice,
but
we
basically
have
a
system
where
we
will
put
out
to
various
entities
depending
on
the
type
of
security.
If
it's
an
asset
back
mortgage
back
Treasury,
and
then
we
have
a
list
of
approved
broker
dealers,
that's
based
on
statute
and
capital
requirements.
So
if
you
once
a
year,
you
can
get
on
the
list
and
then
we
will
put
that
out
and
they'll
have
a
live
bid.
Now
this
you
know
this
is
not
like
a
state
procurement.
L
This
happens
within
seconds
or
sometimes
we'll
seek
a
security,
and
we
have
a
live
bid
for
those
Securities.
And
then
you
know
we'll
settle
per
the
terms.
L
N
N
A
A
A
O
Opportunity
to
be
here
today
and
to
have
a
discussion
on
the
public
Riverport
industry
in
Kentucky
I
know
we
are
limited
on
the
amount
of
time
that
we
have
so
we're
going
to
Jump
Right
In
Brian
will
begin
our
presentation
by
providing
some
background
and
history
on
riverport's
public
River
ports
in
Kentucky
generally
I.
Think
that
may
be
helpful
as
we.
We
have
this
conversation
this
afternoon
and
then
Jennifer
will
talk
about
State
funding
levels,
the
levels
at
which
our
surrounding
states
fund
public
ports
and
some
of
the
challenges
here
in
Kentucky
with
public
boards.
O
P
In
that
statute
it
requires
any
local
government's
entities
across
the
state
of
Kentucky,
can
establish
a
port
authority
and
it
can
be
operated
and
managed
through
that
local
government,
whether
it's
mayor
and
County
mayor
only
City,
only
and
or
County,
only
so
in.
In
our
example,
in
Owensboro,
we
are
chartered
by
the
city
of
Owensboro.
If
you
go
to
Henderson
it's
chartered
by
the
county
and
then
in
some
cases
you
can
also
have
a
split
board
between
city
and
county
across
the
state
of
Kentucky.
P
We
actually
have
10
Riverport
authorities
that
reside
across
most
of
our
river
systems.
Of
those
seven
are
active
and
the
way
we
defined
active
is
there
actually
the
seven
ports
that
are
moving
Goods
in
and
out
today.
The
three
developing
are
authorities
in
place
that
have
been
granted
through
the
transportation
cabinet,
but
are
not
currently
moving
Goods
in
and
out.
P
If
you
look
at
the
map
across
the
state
of
Kentucky,
as
I
mentioned,
we
cover
all
the
waterways,
starting
with
the
furthest,
Western
Port
Authority
Hickman
Fulton,
which
resides
on
the
Mississippi
and
then
on
up
the
river.
A
Western
Kentucky,
Regional,
River,
Port
Authority
is
a
developing
port
and
then
moving
on
to
Paducah
McCracken
Eddyville,
which
falls
on
Lake
Barkley,
Henderson,
Owensboro,
Louisville,
Northern
Kentucky
is
a
developing
Port
as
well
as
Maysville.
Mason
is
also
a
developing
port
and
then
Far
Eastern
on
the
Big
Sandy,
which
is
Greenup
Boyd.
P
So
when
you
think
about
the
ports
across
the
state
in
the
amount
of
waterways
that
the
state
of
Kentucky
is
fortunate
enough
to
have,
we
look
at
ARC
public
authorities
as
anchor
ports
for
the
entire
State.
There
are
several
private
ports
throughout
the
state,
100
plus
at
a
minimum
that
typically
focus
on
single
commodity
type
activities,
either
single
commodity
or
one
or
two
Commodities
in
general.
P
However,
if
you
look
at
this
map
displayed
here
and
think
about
our
public
authorities
and
the
reach
and
range
that
each
of
these
ports
have
for
not
only
our
state
but
extended
States
as
well,
the
green
counties
represent
what's
within
90
minutes
and
the
blues.
What's
within
90
Miles,
when
you're
looking
at
moving
heavy
cargo
Goods,
you
obviously
want
to
move
them
within
the
shortest
distance
between
A
and
B.
P
So
what
value
does
this
bring
to
the
state
of
Kentucky
over
this?
The
information
shared
here
now
goes
back
to
2018
as
part
of
our
freight
and
rail
study
that
was
conducted
through
the
cabinet.
P
The
state
of
Kentucky
had
almost
90
million
tons
of
freight
that
used
our
Inland
Waterway
system
in
2018,
which
represented
18
billion
in
value
as
far
as
Goods
traded
of
those
trades.
Almost
80
percent
of
those
were
with
trading
partners
outside
of
the
state
of
Kentucky,
which
could
be
International
or
other
states.
P
Looking
at
what
benefit
that
provides
for
the
full
multimodal
aspect
of
the
state
of
Kentucky,
starting
with
environmental
first
from
environmental
perspective,
barge
versus
rail
versus
truck
is
the
most
efficient
as
far
as
impact
in
the
environment
per
month
per
ton
mile,
traveled
barges.
First,
rail
is
second
and
then
truck.
P
The
second
key
benefit
for
the
state
of
Kentucky
is
the
impacts
that
this
89
million
tons
on
the
Inland
river
system
have
for
our
interstates
and
Rural
highways
and
and
city
streets
as
well.
If
you
look
at
across
the
89
million
tons
moved
that
represents
2.3
billion
Vehicles
miles
traveled
that
was
saved
by
not
having
by
actually
having
our
Inland
river
system
as
part
of
our
multimodal
ass
multimoto
economy
in
the
state
of
Kentucky,
as
well
as
43
million
Vehicle
hours
of
travel
saved
from
ground
transportation.
By
utilizing
the
Inland
river
system.
P
Q
Just
in
our
River
ports
in
Kentucky
since
2013,
the
Commonwealth
has
supported
the
Riverport
industry
through
the
Kentucky
Riverport
Improvement,
grant
program
that
this
program
is
currently
allocated
five
hundred
thousand
dollars
annually.
Those
funds
come
from
the
general
fund
and
are
given
to
the
transportation
cabinet
and
in
their
budget.
Currently,
this
program
requires
a
50
match
and
the
applications
each
year
are
due
in
May
for
the
July
1
fiscal
year.
Those
funds
must
then
be
spent
by
the
June
30
by
June
30th,
or
they
get
returned
to
the
general
fund,
and
there
is
no
carryover.
Q
Q
So
if
we
take
a
little
bit
of
a
look
around
at
our
surrounding
states,
as
you
can
tell
from
the
Hinterlands,
our
economies
are
are
linked.
Kentucky
is
of
our
10
River
ports,
as
I
mentioned,
were
funding
at
500
000
a
year,
our
neighbors
to
the
north
and
Ohio.
They
have
eight
ports.
20
million
is
what
they're
funding
their
ports
and
a
recent
12
million
dollar
increase.
Investment
Missouri
is
similar
to
Ohio
in
in
their
funding
and
then
allocated
an
additional
30
million
in
23
from
arpa
funds.
Q
Illinois
is
taking
top
spot
with
150
million
dollars
in
funding
for
the
River
ports.
I
will
note
also
that
40
million
of
that
is
specifically
for
a
Port
Authority
in
Cairo,
which
will
be
in
direct
competition
with
with
all
of
our
Western
Kentucky
ports,
specifically
with
Paducah,
so
just
to
be
clear
about
some
of
the
challenges
we're
facing.
Yes,.
Q
Q
Within
the
last
few
years,
all
right,
thank
you.
Inadequate
funding
is
a
challenge
for
River
ports.
12.3
million
dollars
for
preservation
asset
was
noted,
determined
in
the
2018
study
that
we've
been
referencing.
Increased
annual
state
funding
is
needed
to
continue
investment
and
to
compete
with
surrounding
states.
Currently,
we
can't
realize
full
or
full
growth
potential,
because
we're
trying
to
keep
operations
running
every
day,
Treading
Water
would
be
the
would
be
a
good
pun
to
use
I
suppose
River
reports
are
unable
to
use
these
Grant
estate
Grant
funds
to
make
Federal
matches.
Q
A
So
if
you
had
unlimited
match,
you
could
have
unlimited
funds
or
is
there
some
kind
of
sealant
to
that.
P
I
think
each
year
is
a
little
bit
different
for
an
example
in
the
Marine
Highway
program.
It
was
just
issued
this
past
year.
It
was
25
million
versus
prior
years,
which
was
only
5
million
and
then
there's
a
port
development
infrastructure
fund.
That's
also
available
and
I
can't
remember
the
exact
number,
but
it's
pretty
extensive
that
they
released
this
past
year.
O
Okay,
so,
following
up
on
several
of
the
the
challenges
that
Jennifer
referred
to
in
the
previous
slide,
we
do
have
several
ideas
on
solutions
that
we
would
like
for
the
general
assembly
to
consider
in.
In
the
upcoming
session.
As
we've
mentioned,
there
was
a
kytc
study
that
was
released
last
year.
That
did
identify
12.3
million
dollars
in
asset
preservation
needs
among
the
10
public
River
ports.
O
This
is
based
on
and
Brian
referenced
this
earlier
data
from
2018,
so
considering
what
we've
seen
in
inflation
salute
solution
that
we
have
is
looking
at
a
one-time,
15
million
dollar
allocation
that
would
be
accessible
to
all
10
ports
and
the
ports
are
currently
putting
together
lists
of
what
these
projects
would
would
include
and,
and
several
of
them
have
already
completed
their
list.
I
want
to
be
very
upfront
with
you
all
that
you
will
not
look
at
these
these
lists
and
think
wow.
These
are
some
big
and
bold
ideas.
O
We
want
to
get
to
a
point
where
we
can
be
thinking
big
and
bold,
but
at
this
point
there
are
some
urgent
needs
related
again
to
asset
preservation
and
just
keeping
the
ports
being
able
to
operate
at
the
levels
that
they
need
to.
Let.
O
That's
my
understanding,
yes,
sir,
so
I
also
want
to
mention
that,
as
as
we've
looked
at
the
projects
that
would
be
included
in
this
15
million
dollar
allocation,
we
do
feel
pretty
confident
that
that
most,
if
not
all,
of
those
projects
could
be
completed
in
the
two-year
budget
period.
So
I
wanted
wanted
to
make
note
of
that,
and
we
would
also
request
that
there
be
no
local
match
required
for
the
15
million
dollar
one-time
allocation.
O
Looking
at
the
second
solution
or
the
second
bullet
point
in
terms
of
what
we
would
like
to
see
in
the
upcoming
session,
we
want
to
get
to
a
point
where
we
are
not
sitting
here
every
two
four
six
years
asking
for
assistance
with
asset
preservation
and
so
in
an
effort
to
address
that
we
would
like
to
look
at
increased
sustainable
annual
funding.
As
we
mentioned,
current
annual
funding
is
at
500
000
per
year.
O
We
completely
understand
the
challenges
that
come
with
asking
for
more
ongoing
funding,
and
so
we
have
I
put
a
lot
of
of
thought
and
time
into
looking
at
a
dedicated
Revenue
source
and
and
what
that
might
look
like.
O
O
So
with
that
in
mind,
we
have
looked
at
existing
Revenue
sources
that
may
be
an
option,
and
we've
identified
the
commercial
watercraft
property
tax
and
I
want
to
emphasize
that
we
are
only
talking
about
the
state
general
fund
portion
of
this
tax.
We
are
not
talking
about
the
local
government
portion,
no
funds
that
that
would
go
to
the
local
governments
from
from
this
property
tax
in
2021.
O
It's
our
understanding
that
the
state
general
fund
received
just
shy
of
five
million
dollars
from
from
these
tax
dollars,
and
we
think
that
it
makes
a
lot
of
sense
to
reinvest
the
tax
dollars
in
the
facilities
that
help
generate
the
funding
and,
ideally,
as
the
ports
are
able
to
access,
the
funding.
They're
able
to
you
know,
continue
to
improve
their
operations,
their
facilities,
which
will
drive
new
business
new
investment,
and
we
can
see
that
funding
source
increase,
which
we
think
is
certainly
a
win-win
for
for
all
involved
and
then.
O
Finally,
the
third
suggestion
that
we
have
is
to
look
at-
and
this
is
also
a
suggestion
that
I
think
provides
some
long-term
benefit,
but
we
would
like
to
look
at
how
the
annual
funding
is
currently
administered
or
allocated.
Jennifer
mentioned
that
the
five
hundred
thousand
dollars
goes
through
the
Kentucky
Riverport
Improvement
program.
This
is
a
program
that's
administered
through
the
transportation
cabinet.
O
They
do
a
really
good
job
in
administering
it,
but
there
are
a
few
programmatic
changes
that
are
not
or
programmatic
parts
of
it
that
are
not
ideal
for
our
River
ports,
and
so
we
would
suggest
looking
at
utilizing
the
Riverport
financial
assistance
trust
fund.
This
is
a
trust
fund
that
the
general
assembly
created
in
Statute
in
2010
it
to
our
knowledge,
has
never
been
utilized.
There's
never
been
any
funds
appropriated
to
it,
but
there
are
two
main
reasons:
two
main
benefits
that
we
see
to
using
the
trust
fund
versus
the
kri
grant
program.
O
The
first
point
addresses
an
issue
Jennifer
mentioned,
which
is
it
would
allow
funding
to
to
carry
forward.
Currently,
any
funds
remaining
remaining
at
the
end
of
the
fiscal
year
lapse
back
to
the
general
fund
and
then
the
second
item
is
that
the
the
trust
fund
would
allow
for
a
decrease
in
the
local
match.
O
That
is
that
in
this
most
recent
fiscal
year
there
were
two
public
ports
that
were
unable
to
participate
or
chose
not
to
participate
in
the
state
program
because
they
had
outstanding
Federal
grant
applications
in
and
they
were
saving
their
local
money
to
in
hopes
that
those
grants
would
be
awarded
and
they
would
need
a
local
match
there.
So
by
reducing
the
local
match
requirement,
we
think
that
it
would
certainly
benefit
the
ports
in
Kentucky
and
then,
as
we
conclude,
I
just
want
to
mention
two
two
items.
O
There
are
two
programs
that
you
all
have
passed
in
the
past
couple
years:
that
the
River
ports
have
opportunities
to
participate
in
the
Kentucky
product
development
initiative
is
a
program
that
several
of
the
reports
are
able
to
access
through
that
grant
program.
Very
appreciative
of
that
and
then
also
most
recently,
you
all
passed
house
bill,
nine,
which
we
see
great
opportunity
to
use
that
as
a
mechanism
to
help
meet
Federal
match
requirements
for
those
River
ports
in
the
enhanced
counties.
So
I'll
just
end
by
saying
that
that
those
two
programs
I
think,
are
great.
O
P
I
can't
speak
to
the
furthest,
Western
States,
because
they
were
hit
probably
the
hardest.
Fortunately,
for
us,
once
you
get
past
Olmsted,
Lock
and
Dam,
we
sustained
the
pull.
The
Army
Corps
was
able
to
dredge
enough
to
pass
those
barges.
So
for
a
short
period
of
time
we
saw
us,
essentially
all
the
barges
stop
in
place
in
Cairo
until
the
Army
Corps
of
Engineers
were
able
to
come
in
and
dredge
out,
and
they
continue
to
move
the
biggest
impact
on
the
Mississippi
going
down.
P
That
direction
was
the
fact
that
you
couldn't
even
access
the
docks
because
of
the
drought.
Unfortunately,
I,
don't
know
how,
specifically
for
Hickman
and
some
of
those
other
ports
on
what
the
financial
impact
was
for
them.
I
think
the
timing
of
it
was
a
little
post
Harvest
which
helped
but
I'm
sure
they
saw
some
impacts.
A
Very
good,
it
is
222
representative
Johnson.
R
Thank
you,
Mr
chairman
quick
question.
Very
brief
comment.
You
mentioned
the
River
ports
can't
use
State
funds
to
match.
Federal
friends.
Is
that?
Because
we
tell
you
you
can
or
is
that
a
federal
issue.
P
The
biggest
limitation
with
the
state
funds
through
the
kri
program
is
when
you
apply
for
federal
dollars.
It
generally
takes
multiple
years
as
far
as
the
initial
application
securing
the
funds
for
the
potential
match,
and
then
the
process
for
approval
on
the
kri
funds.
We
are
required
to
have
those
dollars
spent
within
the
physical
year
July
to
June.
So
we
have
to
be
very
strategic
about
what
type
of
application
that
we
can
put
those
towards
for,
for
example,
asset
preservation
could
be
equipment
only
versus
a
bigger
project.
P
A
good
example
of
that
would
be
in
Hickman.
Their
primary
75
percent
of
their
volume
is
dependent
on
a
grain
conveyor
that
was
built
in
the
70s.
They
are
looking
to
replace
that
system
at
4.5
million.
They
went
after
a
pdip
grant
in
in
with
at
the
federal
level
and
therefore
held
off
on
the
kri-1,
because
they
needed
enough
local
match
of
the
four
and
a
half
million
at
20
percent
at
least
Plus.
P
R
You
yeah
thank
you
and
I.
Just
very
briefly.
I
just
want
to
point
out
that
we
do
have
a
some
funding
that
we're
going
to
have
to
work
to
decide
what
we're
going
to
do
with.
We
have
a
pretty
good
fund
to
work
with.
R
At
this
point,
the
the
Temptation
might
be
to
create
new
programs
that
we'll
have
to
fund
for
years
and
years
afterwards,
or
we
can
look
at
what
we
can
do
with
the
funds
we
have
in
hand
one-time
shot
shot
in
the
arm
for
programs
or
for
projects
like
what
you're
talking
about
and
I'm,
very
supportive
of
the
fact
that
we
can
come
together
and
do
a
one-time
shot
in
the
arms
term.
R
M
So
the
private
ports
don't
receive
any
you're,
not
there's,
no
there's,
no
any
anything
involving
private
parts.
We're
only
talking
about
public
so
of
the
public
ports
are
some
of
those,
as
is
there
a
percentage
of
those.
Do
you
have
a
number
of
those
who
may
be
loot.
P
I
can't
speak
to
all
the
ports,
but
in
general
they
are
breaking
even
just
trying
to
keep
their
Assets
in
order
to
generate
day-to-day
business
and
to
sustain
what
they
have.
The
biggest
challenge
is,
especially
for
some
of
the
smaller
ports
across
the
state
is
maintaining
what
they
have
with
no
opportunity
to
grow
for
the
future.
D
P
In
the
western
part
of
the
state,
between
Homestead,
Lock
and
Dam,
and
up
up
in
the
Hallsville
area,
I
mean
the
corps
tries
to
maintain
a
minimum
normal
pull
which
allows
for
barge
drafting
normal
barge
drafting.
However,
the
barge
drafting
is
really
dictated
by
where
the
goods
are
ultimately
going
or
coming
from.
So
if
the
Mississippi
is
down
just
an
example,
this
past
week
they
issued
a
restriction
down
on
the
Mississippi.
P
They
reduced
the
draft
to
eight
to
nine
to
eight
feet
compared
to
nine
and
a
half
or
ten,
and
that
will
apply
all
the
way
up
to
Greenup
Boyd
for
an
example
or
all
the
way
down.
So
they
look
at
the
entire
navigational
system.
The
Mississippi
generally
is
the
one
that
that
dictates
the
draft
during
the
peak
of
the
summer
pool
thank.
P
That's
an
excellent
question
and
I'm
trying
to
calculate
it
in
my
head
as
we
sit
here,
but
I'm
I'm,
almost
certain
that
all
the
active
ports
have
a
connection
to
a
rail
line,
specifically
in
Hickman
there.
They
have
an
outdated
rail
system
that
feeds
into
their
port,
so
they're
a
little
apprehensive
or
looking
for
future
infrastructure
and
then
on
up
the
river
Paducah
has
direct
rail.
Eddyville.
Has
rail
within
the
vicinity
fairly
close?
If
not
on
it,
Henderson
I
know
Owensboro
definitely
Louisville.
A
S
J
S
Mr
chairman
members
of
the
committee,
thank
you
for
having
us
today.
Our
presentation
will
follow
a
similar
pattern,
as
the
River
ports
did.
As
we
talk
about
our
network,
some
funding
mechanisms
and
programs,
some
investment
in
the
state
and
then
potential
needs
and
next
steps.
So
I'm
here
today
representing
the
Kentucky
rail
Association
that
consists
of
the
four
rail
carriers
you
see
on
your
screen.
There
are
over,
there
are
15
railroads
in
the
state.
However,
these
are
the
four
primary
rail
carriers
in
your
package.
S
You
have
information
a
little
bit
more
in
depth
about
each
company,
so
I
won't
go
too
much,
but
CSX
is
the
largest
rail
carrier
throughout
the
state
they
have
over
2
000
miles.
Norfolk
Southern
is
another
class
one
provider.
They
have
a
little
over
500
miles
in
the
state
and
then
Paducah
and
Louisville
is
a
regional
railroad
consisting
from
as
the
name
implies,
Paducah
to
Louisville
and
then
RJ
Corman.
S
We
have
multiple
Rail
lines
as
a
short
line
throughout
the
state
when
I
say
class,
one
railroads
and
short
lines
class,
one
railroads
are
more
think,
a
large
amount
of
freight
hauling
long
distances.
So
thank
I-75
I-64
when
I
say
short
lines.
We
are
more
your
city,
streets,
County
roads
in
the
case
of
Paducah
and
Louisville,
maybe
even
the
Western
Kentucky
Parkway.
So
the
rail
network
is
a
very
interconnected
Network.
We
have
a
very
hand
and
glove
relationship
between
the
railroads.
S
S
Here's
some
information
on
Carlo
data
in
Kentucky-
and
this
is
a
2021
figures,
so
you'll
see
the
total
Car
loads
that
originated
here
in
Kentucky
are
366
400
Carlos,
so
the
Texas
Transportation
Institute
has
a
conservative
calculation
of
2.87
trucks
per
car
load.
So
if
you
look
at
the
car
loads
that
originated
in
Kentucky,
that
would
be
the
equivalent
of
1
million
51
568
trucks
on
our
overcrowded
and
underfunded
roadways.
So
you
see
the
impact
we
had.
The
freight
network
has
here
in
Kentucky
that
our
rail
provides
for
the
movement
of
freight
throughout
our
state.
S
So
if
you
look
at
just
the
four
railroads
represented
here
and
I
mentioned,
there
are
15
total
in
the
state,
so
this
number
is
is
higher,
but
you
look
at
about
160
million
dollars
in
investment
back
into
the
rail
network,
which
includes
maintenance
Rehabilitation,
as
well
as
capital
expenditures.
Here,
just
in
Kentucky
alone,.
S
So
we've
had
some
recent
public
and
private
investment
Partnerships.
That
I
did
want
to
highlight
for
you
all,
as
it
relates
to
federal
dollars.
Coming
to
Kentucky
being
invested
into
the
rail
infrastructure.
S
First
was
a
in
for
Grant
award
to
the
Paducah
Louisville
Railway.
It
was
actually
applied
for
by
the
Green
River
area
development
District.
It
was
to
upgrade
the
Rockport
bridge
that
trans
that
transports,
Paducah
and
Louisville's
Railroad,
and
connects
Ohio
and
Muhlenberg
counties.
S
Paducah
and
Louisville
invested
all
close
to
21
million
dollars
as
part
of
this
project,
and
they
were
awarded
over
17
million.
So
38
million
dollar
total
coming
back
to
Kentucky,
to
invest
in
to
invest
in
rail
infrastructure,
on
a
line
that
carries
over
112
000
car
loads,
the
legislature
in
ural's,
wisdom
and
foresight
and
partnership
allocated
a
hundred
thousand
dollars
towards
this
grant.
Now
I
know
that
number
does
not
seem
very
big.
However,
nothing
shows
support
to
the
federal
government.
S
A
letter
is
great
and
it's
nice,
but
nothing
shows
support
to
help
these
projects
like
money,
and
so
when
you
invested
and
decided
to
partner
with
area
development
District,
along
with
the
Paducah
Railway
investment,
it
made
this
project
that
much
more
enticing.
So
if
you
look
at
it
as
you
invested
or
leveraged
a
hundred
thousand
dollars,
and
it
created
a
38
million
dollar
investment
in
rail
infrastructure
in
Western
Kentucky,
we
were
successful
just
just
over
a
year
ago,
on
a
on
a
Chrissy
grant.
That
was
over
7.8
million
or
7.3
million
dollars.
S
We
invested
another
six
million
ourselves
in
additional
expenses
coming
to
the
Central
Kentucky
area
that
will
be
put
to
work
coming
soon.
S
We
also
chairman
Petrie,
are
waiting
on
a
30
million
dollar
Grant
in
conjunction
with
Logan
aluminum,
in
in
your
District,
that
will,
in
partnership
with
them,
really
expand
and
their
their
presence
and
the
rail
line
in
Western
Kentucky
that
we
operate
from
Bowling
Green
to
Clarksville.
So
those
are
the
type
of
dollars
that
are.
Your
railroads
are
going
after
to
help
bring
those
federal
funds
back
to
Kentucky
to
strengthen
the
safety
and
efficiency
of
our
operations
here
in
the
Commonwealth.
S
So
we
look
at
the
the
program
currently
in
Kentucky
and
we
have
the
Kentucky
rail
Crossing
Improvement
program
commonly
known
as
the
krci.
Typically,
we
go
out
that
we
are
allocated
about
1.6
million
dollars
and
these
funds
are
limited
to
grade
crossing
repairs
and
improvements.
We
work
with
the
transportation
cabinet
and
in
recent
years
we've
been
able
to
expand
that
slightly
to
attack
a
few
more
safety
issues
along
Crossings
to
make
those
funds
available
for
vegetation
mitigation
as
an
example,
and
that
typically
is
a
50
50
program.
It's
gone
to
80
20..
S
So
we've
been
very
appreciative
of
that.
This
last
round,
the
the
railroad
industry
decided
that
it
was
time
with
the
cabinet
was
updating
the
state
rail
plan
that
had
not
been
updated
since
2015.
So
he
thought
it
was
a
good
idea
that,
in
addition
to
updating
the
rail
plan
that
we
would
invest,
350
000
out
of
these
funds
to
go
towards
a
more
in-depth
needs.
S
Assessment
study
of
the
overall
rail
network,
which
is
undergoing
and
just
began
looking
at
the
overall
health
of
the
rail
network,
needs
assessment
from
track
and
ties
and
bridges
looking
at
choke
points
on
the
network.
Things
like
that
just
pretty
much
a
very
similar
type
of
study
that
was
done
by
the
River
ports,
we're
hoping
to
have
that
completed
in
the
next
12
to
18
months.
S
S
S
S
They
also
have
the
industrial
rail
service
fund,
which
is
they
take
a
very,
very
small
percentage
of
the
sales
tax
which
results
in
about
three
and
a
half
to
four
million
dollars
annually.
That
Shortline
railroads
are
able
to
access
for
preservation
and
maintenance
and
Industrial
and
economic
development
projects.
S
So
other
state
funding
programs,
I've
highlighted
in
Tennessee
two
years
ago,
the
general
assembly
and
the
governor
budgeted
for
85
million
dollars
and
new
rail
preservation
funding,
so
that
85
million
dollars
is
spread
over
four
years
to
the
various
Short
Line
railroads
throughout
the
state
of
Tennessee.
It
is
a
90-10
match,
so
they
have
a
preservation
fund
because
they
are
focused
on
preserving
the
Short
Line
and
rail
connectivity
in
their
rural
districts
throughout
the
state.
S
They
also
have
a
long,
long
term
goal,
which
is
more
significant
investment
of
making
all
short
lines
286
compliant
and
when
I
say
that
286
refers
to
the
amount
of
tonnage
that
can
or
the
amount
of
pounds
that
rail
cars
can
carry.
So
a
rail
car
can
carry
up
to
286
000
pounds,
which
is
typically
what
our
class
one
railroads
carry
a
lot
of
Short
Line
railroads,
especially
in
Tennessee
or
more
rural
parts,
had
either
at
one
time,
maybe
been
abandoned
or
are
just
aging.
S
So
the
long-term
goal
is
to
actually
upgrade
all
of
the
short
lines
throughout
the
state
to
carry
286
so
that
you
can
have
that
seamless,
interconnectivity
between
Class
ones
and
short
lines,
and
you
can
ultimately
carry
and
move
more
freight
Pennsylvania.
You
can
see
there.
They
have
two
types
of
programs:
the
rail
Freight
assistance
program,
The
Rail,
Transportation
assistance
program
since
2016.
they've
had
over
189
projects
averaging
1.2
million
per
award.
S
That's
a
70
30
70
from
the
state
30
percent
match
from
the
railroads
throughout
the
state
totaling
over
226
million
dollars
from
the
state
of
Pennsylvania
North
Carolina,
their
funding
programs
since
2014
have
generated
over
263
million
dollars
in
investment
100
over
131
million
coming
from
the
state
of
North
Carolina.
They
offer
a
50
50
match
program,
rail,
railroad
safety,
Crossing
improvements,
Main
Line,
Branch
lives,
tire
replacement.
S
So
I
mentioned
the
current
rail
assessment
study.
Again
that
is
underway.
We
felt
as
a
rail
network
as
a
as
a
rail
Association.
It
was
very
important
to
take
a
deeper
dive
into
the
health
of
the
the
rail
network,
as
I
mentioned.
Looking
at
Bridges
looking
at
Main
lines,
looking
at
corridors
pinch
points
choke
points
on
the
network.
What
is
the
overall
health?
What
are
our
outstanding
maintenance
needs?
Where
do
we
see
future
capital
investment
to
help
spur
economic
and
Industrial
Development,
so
that
is
currently
underway?
S
We're
working
very
closely
with
with
the
cabinet,
along
with
HDR
engineering,
who
is
leading
that
study?
S
So
a
couple
ideas
of
of
programs-
and
these
are
just
names-
I
came
up
with,
for
the
sake
of
conversation
that
we
could
look
at
in
Kentucky
if
there
were
to
be
a
funding
mechanism
created
for
the
rail
industry,
so
the
Kentucky
Freight
investment
program
looking
at
preservation
and
maintenance,
industrial
access,
inspiring
Economic,
Development
and
then
a
Kentucky
Federal
Freight
fund.
So
I
mentioned
those
grants
that
are
available
that
we
are
currently
going
after.
S
If
we
had
any
type
of
funding
that
could
support
the
rail
industry
and
going
after
those
federal
funds
to
as
there
is
a
a
lot
of
money
through
the
infrastructure,
investment
in
job
act
right
now
to
take
advantage
of
those
projects
and
bring
additional
rail
funding
back
to
Kentucky,
to
to
improve
the
health
of
the
network
so
and
otherwise.
I'm
open
for
questions.