Kentucky Statutes 154.12-2033 – Eligibility of endorsed capital construction projects for state economic development incentives
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(1) Any capital construction project endorsed by the Kentucky Commission on Military Affairs as preserving or creating jobs at military facilities located in Kentucky shall be eligible for state economic development incentives prescribed in this chapter, including but not limited to those provided in KRS § 154.22-010 to KRS § 154.22-070, KRS
154.24-010 to 154.24-150, KRS § 154.26-010 to KRS § 154.26-100, KRS § 154.28-010 to
154.28-090 and KRS § 141.400, and KRS § 154.33-501 to KRS § 154.33-585; however, no project shall receive state financial assistance unless first approved by the Kentucky Economic Development Finance Authority. No project shall be located on federally owned or leased property.
(2) All standards, procedures, and requirements applicable to projects approved by the Kentucky Economic Development Finance Authority for state economic development incentives pursuant to the provisions of this chapter shall be applicable to all economic development projects submitted by the commission and approved by the authority for assistance.
(3) Notwithstanding any laws of the Commonwealth to the contrary, costs of highway and other transportation related construction and other infrastructure facilities improvements associated with a project endorsed by the commission may be eligible for state funding under programs administered by the Transportation Cabinet and the Kentucky Infrastructure Authority.
Effective: July 15, 1996
History: Created 1996 Ky. Acts ch. 113, sec. 5, effective July 15, 1996.
154.24-010 to 154.24-150, KRS § 154.26-010 to KRS § 154.26-100, KRS § 154.28-010 to
Terms Used In Kentucky Statutes 154.12-2033
- Authority: means the Kentucky Economic Development Finance Authority, consisting of a committee as set forth in KRS §. See Kentucky Statutes 154.1-010
- Cabinet: means the Cabinet for Economic Development as established under KRS
12. See Kentucky Statutes 154.1-010 - Commonwealth: means the Commonwealth of Kentucky. See Kentucky Statutes 154.1-010
- Project: includes but is not limited to agribusiness, agricultural or forestry production, harvesting, storage, or processing facilities or equipment. See Kentucky Statutes 154.1-010
- State: means the Commonwealth of Kentucky. See Kentucky Statutes 154.1-010
154.28-090 and KRS § 141.400, and KRS § 154.33-501 to KRS § 154.33-585; however, no project shall receive state financial assistance unless first approved by the Kentucky Economic Development Finance Authority. No project shall be located on federally owned or leased property.
(2) All standards, procedures, and requirements applicable to projects approved by the Kentucky Economic Development Finance Authority for state economic development incentives pursuant to the provisions of this chapter shall be applicable to all economic development projects submitted by the commission and approved by the authority for assistance.
(3) Notwithstanding any laws of the Commonwealth to the contrary, costs of highway and other transportation related construction and other infrastructure facilities improvements associated with a project endorsed by the commission may be eligible for state funding under programs administered by the Transportation Cabinet and the Kentucky Infrastructure Authority.
Effective: July 15, 1996
History: Created 1996 Ky. Acts ch. 113, sec. 5, effective July 15, 1996.