Ky. Rev. Stat. § 96.270
The consolidated local government shall have, through its board of waterworks, the use free of charge of all the water necessary for its fire department, police department, public buildings principally occupied by its employees, parks, parkways, its property principally used for public purposes, all of its agencies, and any waterfront parks located within the boundaries of the consolidated local government. It shall in turn exempt from taxation for consolidated local government purposes all the property of which it has the control through its board of waterworks. Nothing in this section shall affect the right and duty of the board of waterworks to fix and collect reasonable rates for the use of water furnished to any other person, whether by assessment or meter measurement.
KRS 96.270
Amended 2002, Ky. Acts ch. 346, sec. 111, effective7/15/2002. --Recodified 1942 Ky. Acts ch. 208, sec. 1, effective 10/1/1942, from Ky. Stat. sec. 3024a-6.