Title XII, Conservation and State Development

(1) The members of the authority shall be appointed as follows: (a) If the authority is established by a city, the members shall be appointed by the mayor of the city; (b) If the authority is established by a county, the members shall be appointed by the county judge/executive; (…

(1) In the event that a joint industrial development authority is created by cities and/or counties, and thereafter a city or cities or county or counties desire to withdraw from participation, then the remaining participants may jointly choose a successor member or members of th…

A quorum for the transacting of the business of the authority shall consist of a majority of the members. Meetings of the authority may be called by the chairman or by a majority of the members. In case of tie voting by the authority, the issue shall be deemed to have failed pass…

(1) Members of the authority shall serve without compensation but shall be reimbursed for any actual and necessary expenses incurred by them in the conduct of the affairs of the authority. The authority shall, upon the appointment of its members, organize and elect officers. The …

borrowing or by issuance of revenue bonds. (1) In order to provide money for the purchase of property necessary to develop industrial sites, parks, and subdivisions, the legislative body of any governmental unit creating the industrial development authority under KRS 154.50-301 t…

The title to all property acquired by the authority shall vest in the authority. All property acquired for the development of industrial sites, parks and subdivisions shall be exempt from taxation to the same extent as other property used for public purposes. All revenues collect…

The acquisition of any lands for the purpose of developing industrial sites, parks and subdivisions is hereby declared to be a public and governmental function, exercised for a public purpose, and a matter of public necessity, and such lands and other property, easements and priv…

Any authority shall comply with the provisions of KRS 65A.010 to 65A.090.

Catchline at repeal: Appropriations and finances transferred to Kentucky Development Finance Authority.

This subchapter shall be known as the Small Business Tax Credit and Selling Farmer Tax Credit Programs.

As used in this subchapter: (1) "Authority" means the Kentucky Economic Development Finance Authority; (2) (a) "Average hourly wage" means the per-hour wage earned by a full-time employee, including wages, tips, overtime, bonuses, and commissions, as reflected on the employee's f…

requirements -- Maximum credits permitted. (1) The authority shall develop a Small Business Development Credit Program in consultation with the Office of Entrepreneurship and Innovation to assist new or existing small businesses operating in the Commonwealth. The nonrefundable cr…

The authority shall establish the procedures and standards for a small business development credit program by the promulgation of administrative regulations in accordance with KRS Chapter 13A.

Eligibility -- Application requirements -- Incentives to be negotiated by Cabinet for Economic Development -- Approval by the authority -- Authority to transmit required information to the Department of Revenue -- Penalty -- Sunset. (1) As used in this section: (a) "Actively enga…

prospective contractees -- Disclosure requirements -- Prohibited contracts, exceptions -- Vendor's performance bond, letter of credit or deposit of security -- Liquidated damages -- Laws governing contracts. (1) The corporation may purchase, lease, or lease-purchase such goods or…

As used in this subchapter: (1) "Above-the-line production crew" means employees involved with the production of a motion picture or entertainment production whose salaries are negotiated prior to commencement of production, such as actors, directors, producers, and writers; (2) …

productions and continuous film productions. (1) The purposes of KRS 141.383 and this subchapter are to encourage: (a) The film and entertainment industry to choose locations in the Commonwealth for the filming and production of motion picture or entertainment productions; (b) Th…

report -- Review. (1) An eligible company shall, prior to incurring any expenditure for which recovery will be sought, file an application for tax incentives with the office. The application shall include: (a) The name and address of the applicant; (b) Verification that the appli…

security division. (1) The Department of Kentucky State Police shall, at the request of the division of security, perform full criminal background investigations on all potential vendors and potential employees of the corporation at the level of division director and above and at…

Catchline at repeal: Enterprise zones may be exempt from administrative regulations -- Exception -- Procedure.

The purpose of KRS 65.510 to 65.530, KRS 139.483, this section, and KRS 154.80-110 to 154.80-130 is to create within the Cabinet for Economic Development to aid in the promotion and development of river-related industry, agriculture, and commerce in Kentucky; to aid in the promot…

Organization under KRS Chapters 271B and 273 not prohibited. (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 65.530, KRS 139.483, KRS 154.80-100, and…

The cabinet may enter into any and all contracts in its own name for planning, engineering, promotion, and development, consistent with the purposes of KRS 65.510 to 65.530, 139.483, 154.80-100, and 154.80-110 to 154.80-130, and may enter into contracts for these purposes with an…

The cabinet may disburse any and all funds appropriated by the Legislature for purposes consistent with KRS 65.510 to 65.530, 139.483, 154.80-100, and 154.80-110 to 154.80- 130, any funds received from any state agency, and may apply for, receive, and disburse funds from the fede…

The General Assembly finds that a major convention center in Northern Kentucky will serve as a catalyst in the regional development of commerce, and that it will enhance the position of Northern Kentucky as a year round convention and tourist attraction. The General Assembly find…

(1) The Northern Kentucky Convention Center Corporation is hereby established to develop and manage the Northern Kentucky Convention Center. The corporation shall be attached to the Tourism, Arts and Heritage Cabinet for administrative purposes. The corporation shall be directed …

The Northern Kentucky Convention Center Corporation: (1) Shall supervise the design and construction of the Northern Kentucky Convention Center, and shall provide all management functions for the facility and for any other property acquired or leased pursuant to its powers under …