Kentucky Statutes 154.80-110 – Establishment of foreign trade zone — Application for authorized — Organization under KRS Chapters 271B and 273 not prohibited
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(1) The cabinet may make application to the proper federal authorities for the establishment of a foreign trade zone wherever and whenever such a zone is desirable. KRS § 65.510 to KRS § 65.530, KRS § 139.483, KRS § 154.80-100, and KRS
154.80-110 to 154.80-130 will constitute legislative authority and approval of such applications, as required by federal law.
(2) Nothing contained in this section shall be construed to prohibit any corporation organized under KRS Chapters 271B and 273 from being organized and chartered for the purposes of establishing, operating, and maintaining a foreign trade zone within this state pursuant to KRS § 271B.18-060.
(3) As used in this section, “foreign trade zone” means such a zone authorized by 19
U.S.C. sec. 81.
Effective: July 14, 1992
History: Amended 1992 Ky. Acts ch. 105, sec. 37, effective July 14, 1992. — Amended
1984 Ky. Acts ch. 305, sec. 1, effective July 13, 1984. — Created 1966 Ky. Acts ch.
64, sec. 9.
Formerly codified as KRS § 154.330
154.80-110 to 154.80-130 will constitute legislative authority and approval of such applications, as required by federal law.
Terms Used In Kentucky Statutes 154.80-110
- 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 - Federal: refers to the United States. See Kentucky Statutes 446.010
- Foreign: when applied to a corporation, partnership, limited partnership, business trust, statutory trust, or limited liability company, includes all those incorporated or formed by authority of any other state. See Kentucky Statutes 446.010
- State: means the Commonwealth of Kentucky. See Kentucky Statutes 154.1-010
(2) Nothing contained in this section shall be construed to prohibit any corporation organized under KRS Chapters 271B and 273 from being organized and chartered for the purposes of establishing, operating, and maintaining a foreign trade zone within this state pursuant to KRS § 271B.18-060.
(3) As used in this section, “foreign trade zone” means such a zone authorized by 19
U.S.C. sec. 81.
Effective: July 14, 1992
History: Amended 1992 Ky. Acts ch. 105, sec. 37, effective July 14, 1992. — Amended
1984 Ky. Acts ch. 305, sec. 1, effective July 13, 1984. — Created 1966 Ky. Acts ch.
64, sec. 9.
Formerly codified as KRS § 154.330