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SB 91 (BR 1331) - K. Stine, R. Roeding, D. Thayer, J. Westwood
AN ACT relating to economic development and declaring an emergency.
Amend KRS 154.24-090 and KRS 154.24-120 to allow the activation date set forth in an agreement to commence within two years after the date of the final resolution.
SB 91 - AMENDMENTS
HCS - Amend KRS 154.28-080 to allow manufacturing or agribusiness facilities employing a minimum of one hundred employees which are damaged or destroyed by fire or other casualty to be eligible to apply for KREDA inducements if the facility cannot resume normal operations within 12 months and if the cost of replacement is greater than $5,000,000.
HFA (1/P, J. Callahan) - Attach the provisions of HB 451/GA to SB 91/HCS.
CCR - Cannot agree.
FCCR (1) - Amend various sections of KRS 148 to allow for a theme restaurant destination attraction, which shall have capital costs in excess of $5,000,000, seating capacity of 450 guests of which a minimum of 50% shall not be residents of the Commonwealth, and business plans that indicate that the facility will be open a minimum of 300 days a year and offer live musical or theatrical entertainment during the majority of operating hours, to be eligible for financial incentives under the Tourism Development Act; amend KRS 148.855 to require the Office of the State Budget Director, the Finance and Administration Cabinet, and the Revenue Cabinet to report whether there is a projected net positive impact to a project and, if so, to certify to the authority the amount of state revenue expected; amend KRS 148.859 to allow an additional extension of up to 3 years to an approved company that is building an entertainment destination center and allow for an increase in the approved costs incurred by the company under certain conditions.
FCCR (2) - Amend various sections of KRS Chapter 148 to allow a theme restaurant destination attraction, which shall have capital costs in excess of $5,000,000, seating capacity of 450 guests of which a minimum of 50% shall not be residents of the Commonwealth, and business plans that indicate that the facility will be open a minimum of 300 days a year and offer live musical or theatrical entertainment during the majority of operating hours, to be eligible for financial incentives under the Tourism Development Act; amend KRS 148.855 to require the Office of the State Budget Director, the Finance and Administration Cabinet, and the Revenue Cabinet to report whether there is a projected net positive impact to a project and, if so, to certify to the authority the amount of state revenue expected; amend KRS 148.859 to allow an additional extension of up to 3 years to an approved company that is building an entertainment destination center and allow for an increase in the approved costs incurred by the company under certain conditions.
Feb 4-introduced in Senate
Feb 7-to Economic Development, Tourism & Labor (S)
Feb 11-reported favorably, 1st reading, to Consent Calendar
Feb 12-2nd reading, to Rules
Feb 18-posted for passage in the Regular Orders of the Day for Wednesday, February 19, 2003
Feb 19-3rd reading, passed 38-0; received in House
Feb 20-to Economic Development (H)
Feb 24-posted in committee
Feb 27-reported favorably, 1st reading, to Calendar with Committee Substitute
Feb 28-2nd reading, to Rules
Mar 6-posted for passage in the Regular Orders of the Day for Friday, March 7, 2003; floor amendment (1) filed to Committee Substitute
Mar 10-3rd reading, passed 93-4 with Committee Substitute ; received in Senate
Mar 11-posted for passage for concurrence in House Committee Substitute ; Senate refused to concur in House Committee Substitute ; received in House; posted for passage for receding from House Committee Substitute ; House refused to recede from Committee Substitute ; Conference Committee appointed in House and Senate; Conference Committee report filed in House and Senate; Conference Committee report adopted in House and Senate; Free Conference Committee appointed in House and Senate; Free Conference Committee report filed in House; returned to Senate; returned to House; Conference Committee report filed in House and Senate; Conference Committee report adopted in House and Senate; Free Conference Committee appointed in House and Senate; Free Conference Committee report filed in House and Senate; Free Conference Committee report adopted in House; passed 93-0; Free Conference Committee report rejected in Senate; Free Conference Committee No. 2 appointed in Senate; Free Conference Committee report #2 filed in House and Senate; Free Conference Committee Report # 1 reconsidered in House; Free Conference Committee report #2 adopted in House; passed 87-0; received in Senate; Free Conference Committee report #2 adopted in Senate; passed 29-2; enrolled, signed by each presiding officer; delivered to Governor
Mar 18-signed by Governor (Acts ch. 73)
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