Kentucky Statutes 154.20-400 – Definitions for KRS 154.20-400 to 154.20-420
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As used in KRS § 154.20-400 to KRS § 154.20-420: (1) “Alternative fuels” means:
(a) Alternative transportation fuels as defined in KRS § 152.715; (b) Synthetic natural gas as defined in KRS § 152.715;
(c) Biodiesel produced from biomass resources as defined in KRS § 152.715 that is used for purposes other than transportation fuel;
(d) Ethanol as defined in KRS § 141.422;
(e) Cellulosic ethanol as defined in KRS § 141.422; and
(f) Any other fuel that is produced from a renewable or sustainable source;
(2) “Eligible company” means any corporation, limited liability company, partnership, limited partnership, sole proprietorship, business trust, person, group, city, county, charter county, consolidated local government, urban-county government, or unified local government entity, or other entity engaged in research and development and commercialization related to, or the production of, alternative fuels or renewable energy;
(3) “Kentucky-based” means a business with its principal place of business in Kentucky or at least fifty-one percent (51%) of its property and payroll located in Kentucky;
(4) “Qualified company” means an eligible company that may be granted funding pending final approval;
(5) “Renewable energy” means electricity produced by hydropower, solar power, landfill methane gas, wind power, geothermal, biomass, or other renewable sources; and
(6) “Science and technology organization” means an independent, nonprofit quasi- governmental organization with a statewide mission and demonstrated history of managing complicated programs in the areas of entrepreneurial innovation, research and development, and science and technology advancement.
Effective: June 25, 2013
History: Amended 2013 Ky. Acts ch. 116, sec. 5, effective June 25, 2013. — Created
2007 (2d Extra. Sess.) Ky. Acts ch. 1, sec. 45, effective August 30, 2007.
(a) Alternative transportation fuels as defined in KRS § 152.715; (b) Synthetic natural gas as defined in KRS § 152.715;
Terms Used In Kentucky Statutes 154.20-400
- Business trust: includes , except when utilized in KRS Chapter 386, a "statutory trust" as organized under KRS Chapter 386A. See Kentucky Statutes 446.010
- City: includes town. See Kentucky Statutes 446.010
- Company: may extend and be applied to any corporation, company, person, partnership, joint stock company, or association. See Kentucky Statutes 446.010
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Partnership: includes both general and limited partnerships. See Kentucky Statutes 446.010
- Person: means an individual, partnership, joint venture, military facility operated by a department or agency of the United States, profit or nonprofit corporation including a public or private college or university, limited liability company, or other entity or association of persons organized for agricultural, commercial, health care, or industrial purposes. See Kentucky Statutes 154.1-010
(c) Biodiesel produced from biomass resources as defined in KRS § 152.715 that is used for purposes other than transportation fuel;
(d) Ethanol as defined in KRS § 141.422;
(e) Cellulosic ethanol as defined in KRS § 141.422; and
(f) Any other fuel that is produced from a renewable or sustainable source;
(2) “Eligible company” means any corporation, limited liability company, partnership, limited partnership, sole proprietorship, business trust, person, group, city, county, charter county, consolidated local government, urban-county government, or unified local government entity, or other entity engaged in research and development and commercialization related to, or the production of, alternative fuels or renewable energy;
(3) “Kentucky-based” means a business with its principal place of business in Kentucky or at least fifty-one percent (51%) of its property and payroll located in Kentucky;
(4) “Qualified company” means an eligible company that may be granted funding pending final approval;
(5) “Renewable energy” means electricity produced by hydropower, solar power, landfill methane gas, wind power, geothermal, biomass, or other renewable sources; and
(6) “Science and technology organization” means an independent, nonprofit quasi- governmental organization with a statewide mission and demonstrated history of managing complicated programs in the areas of entrepreneurial innovation, research and development, and science and technology advancement.
Effective: June 25, 2013
History: Amended 2013 Ky. Acts ch. 116, sec. 5, effective June 25, 2013. — Created
2007 (2d Extra. Sess.) Ky. Acts ch. 1, sec. 45, effective August 30, 2007.