Amend KRS 224A.320 to require that eligible funding recipients for the Kentucky Water and Wastewater Assistance for Troubled or Economically Restrained Systems (WWATERS) Program meet 3 or more of the specified eligibility criteria instead of 1; exclude projects that expand the utility service of funding applicants from the definition of "eligible project"; require that a funding application include a detailed budget for all proposed project expenses; allow the Kentucky Infrastructure Authority board to evaluate and score funding applications for proposed projects in phases; require that approved eligible funding recipients adopt best management practices that would address the performance deficiencies that made the applicant eligible for funding; remove the funding evaluation criteria categories of current accounts payable turnover ratio and current days' sales in accounts receivable ratio; remove the requirement from the evaluation criteria that the applicant's receipt of a notice of violation of drinking water or other water quality standards occur in the past year; add to the funding eligibility criteria that the funding applicant can demonstrate that the amount of stormwater inflow and groundwater infiltration entering the funding applicant's system seriously impairs its effectiveness; add to the funding evaluation criteria that the funding applicant previously received funding through the program for a prior phase of the proposed project; add to the funding evaluation criteria that the funding applicant can demonstrate that the estimated costs are comparable to actual costs incurred for similar projects; add to the funding evaluation criteria that a licensed professional engineer signed an attestation of the application's veracity; require that in the evaluation of the funding applications, the board separately score and individually rank all eligible projects, with additional consideration given to projects that provide or restore safe water or wastewater utility service; EMERGENCY.