Ky. Rev. Stat. Ann. ch. 154, subch. 20 – Financing Of Development Generally | Midpage

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Kentucky Revised Statutes

154.20

Ky. Rev. Stat. Ann. ch. 154, subch. 20

Financing Of Development Generally

Commonwealth of Kentucky

154.20-010Kentucky Economic Development Finance Authority -- Members -- Officers.154.20-020Authority to commit cabinet to projects -- Exceptions.154.20-025Resident of bordering state may be considered qualified employee during review of applications.154.20-029Short title for KRS 154.20-030 to 154.20-150.154.20-030Purpose of authority.154.20-033Powers of authority -- Limitation of liability -- Payment of administrative and operational expenses.154.20-035Purposes for borrowing money or issuing bonds or notes -- Sale of bonds or notes -- Terms -- Tax exemption.154.20-040Loan insurance account -- Deposits -- Money transferred.154.20-045Insurance or guarantee by authority.154.20-050Contract of insurance by authority -- Authority not an insurer.154.20-060Projects eligible for insurance by authority -- Priority given to certain projects.154.20-070Authority backing limited to projects with significant private sector financial support -- Terms and conditions determined by authority.154.20-080Agreements with lenders -- Provisions included.154.20-090Special fund to secure loan insurance account obligations.154.20-100Reclamation development fund -- Deposits.154.20-105Use of reclamation development fund.154.20-110Written approval of application by local agency.154.20-120Attorney's fees as part of judgment.154.20-130Financial interests of authority members.154.20-140Negotiations with other agencies -- Construction of authority's powers and obligations.154.20-150Project status reports by authority -- Annual report -- Construction activity report.154.20-160Development of criteria for productivity gains to be used in considering requests for financial assistance.154.20-170Priority consideration for certain businesses.154.20-180Business networks revolving loan fund -- Eligibility for assistance -- Administration of fund.154.20-190Rural hospital operations and facilities revolving loan fund.154.20-200Definitions for KRS 154.20-200 to 154.20-216.154.20-202Authority to promulgate administrative regulations -- Requirements for approval of eligible companies and economic development projects.154.20-203Deadline for new applications -- Governing law for outstanding approved projects.154.20-204Total tax refund incentive -- Application and approval of eligible company -- Transfer of designation as approved company.154.20-206Authorization of sales and use tax refund for approved company -- Administrative regulations.154.20-208Time for application and approval of eligible company as approved company.154.20-210Agreement between authority and approved company.154.20-212Company's filings under KRS 154.20-200 to 154.20-216 subject to Open Records Act.154.20-214Authority to report annually to Legislative Research Commission and Governor.154.20-216Short Title -- Kentucky Enterprise Initiative Act.154.20-220Definitions for KRS 154.20-220 to 154.20-229.154.20-222Purposes -- Legislative findings and declarations.154.20-226Application, approval, and review process.154.20-228Eligibility for approval of a proposed data center project.154.20-229Memorandum of agreement -- Required terms.154.20-230Definitions for KRS 154.20-230 to 154.20-240.154.20-232Purpose of KRS 154.20-230 to 154.20-240.154.20-234Angel Investor Program qualification requirements. (Effective until July 15, 2026)154.20-236Total amounts of tax credit that may be awarded -- Administrative regulations -- Contract for administration and management of certification and application procedure.154.20-238Timetables for investments and credit award approval -- Web site reports.154.20-240Annual report by small businesses.154.20-250Purpose of KRS 154.20-250 to 154.20-284.154.20-254Definitions for KRS 154.20-250 to 154.20-284. (Effective until July 15, 2026)154.20-255Tax credits available to investment fund -- Application for approval as manager -- Requirements for investment fund -- Agreement -- Total qualified investments made by fund.154.20-256Approval of investment funds and managers -- Application -- Documents -- Powers of authority -- Purpose of investment fund -- Criteria for approval -- Disclosure form -- Operation of multiple funds -- Loss of unused credits -- Confidentiality -- Standards.154.20-258Investor entitled to credit -- Amount -- Carry-forward -- Liabilities -- Transferability -- Notification of Department of Revenue -- Additional credits.154.20-260Claim of credit on tax return -- Confidentiality.154.20-262Penalties and interest -- Liability of investors -- Powers and duties of Department of Revenue.154.20-264Annual report by investment fund manager -- Status report by authority -- Confidentiality -- Fee.154.20-265Investment fund approved before July 1, 2002.154.20-277Annual examination of investment funds by authority and Department of Revenue -- Other audits -- Department's powers of enforcement -- Notice of noncompliance -- Examination, investigative, and enforcement powers of securities regulatory organizations.154.20-279Limitation of liability for the Commonwealth and its agents.154.20-281Dissolution or liquidation of investment fund.154.20-283Prohibition against certain qualified investments and financial interests -- Investment fund manager's limitations on holding management positions in small businesses in which investment fund has invested.154.20-284Short title for KRS 154.20-250 to 154.20-284.154.20-285Investment in single knowledge-based entity -- Investment by local governments -- Transfer of tax credits.154.20-400Definitions for KRS 154.20-400 to 154.20-420.154.20-410Kentucky alternative fuel and renewable energy fund -- Suspension -- Transfer of funds.154.20-415Kentucky Alternative Fuel and Renewable Energy Fund Program -- Purpose.154.20-420Science and technology organization -- Duties -- Funding application process -- Negotiation of agreements.154.20-520Trust funds -- Payments.154.20-530Mortgage insurance corporation -- Trust account.154.20-540Powers of insurance corporation.154.20-550Insurance payable from trust account.154.20-560Restrictions on insurance commitment.154.20-570Contract recapture provisions.154.20-580Definitions for KRS 154.20-580 to 154.20-589.154.20-583Commercial loans -- Procedures.154.20-586Eligible companies -- Requirements.154.20-589Western Kentucky risk assistance fund.