Last Action | 02/21/25: to Committee on Committees (H) |
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Title | AN ACT relating to agricultural economic development and declaring an emergency. |
Bill Documents |
Current
Introduced |
Fiscal Impact Statement | Fiscal Note |
Bill Request Number | 483 |
Sponsors | J. Howell, C. Richardson, R. Webb |
Summary of Original Version | Create a new section of KRS Chapter 246 to create a new agricultural economic development program within the Department of Agriculture; establish the agricultural economic development board; create the agricultural economic development fund; EMERGENCY. |
Index Headings of Original Version |
Economic Development - Agricultural economic development, program establishment Effective Dates, Emergency - Agricultural economic development, program establishment Land Use - Agricultural economic development, program establishment Agriculture - Agricultural economic development, program establishment Reports Mandated - Agricultural economic development board, annual report Fiscal Note - Agricultural economic development, program establishment |
Jump to Proposed Amendments | Senate Committee Substitute 1 |
Votes | Vote History |
01/07/25 |
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01/09/25 |
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02/18/25 |
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02/19/25 |
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02/20/25 |
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02/21/25 |
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Amendment | Senate Committee Substitute 1 |
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Summary | Retain original provisions except allow a low-interest loan as an incentive; require additional information in the annual report prepared by the board; require the memorandum of agreement to establish the type of incentive awarded; prohibit disclosure of records relating to applications for incentives that are denied; amend KRS 154.12-213 to require the Cabinet for Economic Development to coordinate with and seek guidance from the Commissioner of Agriculture; amend KRS 248.709 to authorize the Agricultural Development Board to participate in making or purchasing insured mortgage or other types of loans to qualified applicants related to the incentive awards. |
Index Headings |
Economic Development - Agricultural economic development, program establishment Land Use - Agricultural economic development, program establishment Agriculture - Agricultural economic development, program establishment Reports Mandated - Agricultural economic development board, annual report |
Last updated: 2/21/2025 4:29 PM (EST)