Existing metropolitan sewer districts created pursuant to the provisions of KRS 76.010 to 76.210 may provide for, construct, and finance wastewater collection projects acco rding to the financing plan set forth in KRS Chapters 76 and 107. This authority is in addition to any authority otherwise conferred upon any metropolitan sewer district. If any metropolitan sewer district has undertaken any proceedings under any other l aw to construct a project, it may abandon such proceedings and proceed under the provisions of KRS Chapters 76 and 107. It is the purpose of KRS Chapters 76 and 107 to extend permissive authority to metropolitan sewer districts to finance wastewater colle ction projects according to the assessed value basis, whereby benefited properties shall be assessed the cost of such projects according to benefits conferred upon such properties.
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