Title XII, Conservation and State Development

(1) The secretary and the directors of other state agencies and entities receiving state funds for programs and activities which may affect state economic development shall cooperate in the coordination of those programs and activities to achieve the successful implementation of …

Whenever a bond is required for the protection of the corporation, letters of credit or other surety as may be approved by the corporation, may be utilized in lieu of a bond.

Catchline at repeal: Prerequisites for established building projects.

Catchline at repeal: Loans to subdivision projects.

payments, exceptions -- Unclaimed prize money -- Corporation's liability -- Ineligibility to purchase tickets and receive prizes -- Conditions for assignment of prize. (1) Proceeds of lottery prizes shall be subject to Kentucky state income tax. Any attachments, garnishments, or …

(1) The cabinet shall have the authority to contract for the provision of any economic development function or service with private firms or public institutions provided that such contracts meet the following conditions: (a) They are based on competitive requests for proposals; (…

commitment -- Approval -- Report. (1) "Economic development fund" means the fund authorized by the General Assembly for the purpose of promoting economic development within the state. (2) The economic development fund shall be funded through the issuance of bonds by the State Pro…

Executive committee -- Executive director. (1) There is created the Kentucky Commission on Military Affairs. The commission shall be a separate administrative body of state government within the meaning of KRS Chapter 12. (2) It shall be the purpose of the Kentucky Commission on …

development incentives. (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, i…

Programs included -- Coordination with other agencies. (1) The cabinet shall maintain a searchable electronic database on its website containing information on the cost and status of the programs listed in subsection (3)(a) of this section. The database shall include all projects…

As used in KRS 154.12-205 to 154.12-208, unless the context requires otherwise: (1) "Agribusiness" has the same meaning as in KRS 154.32-010; (2) "Alternative fuel production" has the same meaning as in KRS 154.32-010; (3) "Applicant" means a business or industry that has made ap…

(1) There is hereby created an independent, de jure corporation of the Commonwealth with all the general corporate powers incidental thereto which shall be known as the "Bluegrass State Skills Corporation." The corporation shall be a political subdivision of the state and shall b…

The corporation shall have all of the powers necessary or convenient to carry out and effectuate the purposes and provisions of this chapter, including, but not limited to the following: (1) To adopt bylaws for the regulation of its affairs and the conduct of its business and to …

- Application -- Approval -- Training. (1) The corporation may, subject to appropriation from the General Assembly or from funds made available to the corporation from any other public or private source, provide grants-in-aid to qualified companies, not in excess of five hundred …

By November 1 of each year, the corporation shall prepare an annual report of its activities and make it available on the Cabinet for Economic Development Web page as required in KRS 154.12-2035. The annual report shall include, but not be limited to, descriptions of all programs…

As used in KRS 154.12-2084 to 154.12-2089, unless the context requires otherwise: (1) "Approved company" means any qualified company seeking to sponsor an occupational upgrade training program or skills upgrade training program for the benefit of one (1) or more of its employees,…

certification. (1) The Bluegrass State Skills Corporation may, in accordance with KRS 154.12-2084 to 154.12-2089, award a credit against the Kentucky tax imposed by KRS 141.020 or 141.040, and KRS 141.0401, to an approved company. The amount of the skills training investment cred…

July 14, 2018 -- Projects approved and outstanding as of July 14, 2018, continue to be governed by KRS 154.12-2084 to 154.12-2089. The Bluegrass State Skills Corporation shall not accept applications for skills training investment credits described in KRS 154.12-2084 to 154.12-20…

resolution. (1) The Bluegrass State Skills Corporation shall establish guidelines and standards for approving skills training investment credits for occupational upgrade training and skills upgrade training. The guidelines and standards may include, but are not limited to: requir…

KRS 154.12-2084 to 154.12-2089 may be cited as the "Skills Training Investment Credit Act."

economic development. (1) The cabinet shall assemble and keep in the offices of the cabinet information relating to natural resources, industrial sites, labor supply, water, fuel, power, wage rates, taxation and assessments, transportation and communication facilities, and any ot…

The cabinet shall prepare and publish, or cause to be prepared and published, maps, economic and industrial resources surveys of the state and of individual communities and areas, directories of manufacturers, exporters, and industrial services, surveys as related to natural reso…

The cabinet shall be responsible for energy resource information. The secretary of the Cabinet for Economic Development may enter into a contractual agreement between the cabinet and the Kentucky Geological Survey and any other organizations deemed necessary in order to perform t…

development offices, and promotional advertising by cabinet -- Coordination with Commissioner of Agriculture regarding agricultural economic development and alternative fuels. (1) The cabinet, as it deems necessary and advisable, may: (a) Consult with agencies of the state, feder…

(1) There is created within the Cabinet for Economic Development the Department for Business and Community Development, which shall be headed by a commissioner appointed by the Governor. The department shall work with each Kentucky county and community in: (a) Providing customer …

(1) There is created in the Cabinet for Economic Development the Department for Financial Services. The department shall be headed by a commissioner appointed by the secretary pursuant to KRS 154.10-050. The department shall coordinate administration and monitoring of all financi…

training. Any Cabinet for Economic Development program or initiative to support flexible networks shall include workforce training as an eligible flexible networks activity.

(1) The Regulatory Expediting Center is established within the cabinet to assist industries and businesses proposing to locate or expand existing operations in Kentucky with applications for permits, licenses, certificates, registration, and any other form of authorization or per…

System. (1) The cabinet shall work closely with the workforce liaison appointed by the president of the Kentucky Community and Technical College System to: (a) Promote jobs created in the Commonwealth as a result of economic development incentive programs; and (b) Provide support…

modernization, increase, and improvement in the Commonwealth's production process -- Cabinet to contract with Kentucky Manufacturing Assistance Center. (1) As used in this section, "cluster" shall have the same meaning as in KRS 164.6011. (2) It is the intention of the General As…

office -- Marketing and Communications Division -- Research and Strategy Division. (1) There is created in the Cabinet for Economic Development the Office of Strategy and Public Affairs. The office shall be headed by an executive director appointed by the secretary pursuant to KR…

Duties of office -- Inclusion of Commission on Small Business Innovation and Advocacy. (1) There is created in the Cabinet for Economic Development the Office of Entrepreneurship and Innovation. The office shall be headed by an executive director appointed by the secretary pursua…

executive director -- High-tech construction pool and high-tech investment pool -- Duties of Kentucky Economic Development Finance Authority. (1) As used in this section, "cluster" and "knowledge-based" shall have the same meaning as in KRS 164.6011. (2) The Office of Entrepreneu…

Transient room tax. (1) There is created the Kentucky Film Office, which shall be attached to the Cabinet for Economic Development for administrative purposes only. The office shall be headed by an executive director selected and compensated as provided in KRS 154.12-282(2)(g). T…

(1) There is hereby established the Kentucky Film Leadership Council. The council shall be administratively attached to the Kentucky Film Office established in KRS 154.12-280. (2) The functions and purposes of the council shall be to: (a) Review all applications for tax incentive…

As used in KRS 154.12-300 to 154.12-310, unless the context indicates otherwise: (1) "Early-stage company" means a company that is: (a) A small or medium-size company in its initial stages of operation; (b) Characterized by new or evolving product or service development; and (c) …

(1) There is established the Kentucky Entrepreneurship and Innovation Hub Program within the Office of Entrepreneurship and Innovation. The goal of the program is to create products, new companies, and value-added jobs in communities throughout the Commonwealth. Strategies to ach…

Organization powers and duties of executive director of Office of Entrepreneurship and Innovation. (1) The program hubs are private-public partnerships, operating as a cohesive statewide infrastructure to support the implementation of key Kentucky Innovation Act initiatives. (2) …

The Kentucky Science and Technology Corporation shall administer and manage the Kentucky Science and Engineering Foundation as a means to increase Kentucky's capacity to become a leader state in competitive research by attracting more research funding from all sources to the Comm…

As used in KRS 154.12-325 and 154.12-330: (1) "Affiliate" has the same meaning as provided in KRS 154.22-010(2); (2) "Full-time employee" means a person employed for a minimum of thirty-five (35) hours per week and subject to the tax imposed by KRS 141.020; (3) "Service or techno…

$100,000 limit -- Requirements. (1) The Kentucky Economic Development Finance Authority is hereby authorized to develop and fund a small business loan program to assist new or existing small businesses operating in the Commonwealth. The authority may lend up to one hundred thousa…

As used in KRS 154.12-342 to 154.12-348: (1) "Authority" means the Kentucky Economic Development Finance Authority; (2) "Cabinet" means the Cabinet for Economic Development; (3) "Eligible grant applicant" means a county or city governing body, or entity organized under Kentucky l…

(1) The Kentucky Talent Recruitment Grant Program is hereby established under the cabinet. The cabinet's administration of the program includes but is not limited to the following: (a) Creating and making available a grant application for eligible grant applicants to apply for pr…

(1) Applications for the program shall include: (a) At least one (1) eligible project; (b) The total estimated cost of the program; and (c) The individual estimated costs associated with the program design, administration, marketing, and relocation efforts. (2) Eligible grant app…

(1) There is hereby established in the State Treasury a trust and agency account to be known as the Kentucky Talent Recruitment Grant Program fund. (2) The fund shall consist of moneys appropriated by the General Assembly, gifts, grants, federal funds, or other funds made availab…

Catchline at repeal: Prerequisites for proposed subdivision projects.

- Bidding and negotiation processes. (1) The corporation shall conduct all procurements in accordance with procedures which are not inconsistent with the provisions of KRS Chapter 45A, and this chapter, this chapter being deemed to control in the event that, and to the extent tha…

Catchline at repeal: Coparticipation loans with business developmen corporation.

Catchline at repeal: Loans to agricultural or tourist projects.

Allocation of funds -- Transfer of revenues to general fund -- Lottery trust account -- Credit from general fund to literacy fund and higher education scholarships -- Postaudit of corporation's books and records -- Functions of Auditor of Public Accounts -- Annual newspaper publi…