| Last Action | to Appropriations & Revenue (S) |
|---|---|
| Title | AN ACT relating to economic development. |
| Bill Documents |
Bill
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| Bill Request Number | 448 |
| Sponsors | R. Palumbo, T. Thompson |
| Summary of Original Version | Create new sections of KRS 154.20 to create definitions and to establish the construction loan guarantee program; apply to commercial building construction projects; allow agency to issue loan guarantees of up to 25% of loan principal; require consideration of impact on economic development, credit-worthiness of borrower, and other factors; require application and approval process and set other standards; allow sales tax on purchases related to the project to be used to fund loan program; sunset program in 2016; create a new section of KRS 154.20 to establish the construction loan guarantee account to fund the loan guarantee program; provide for reporting and disposition of funds. |
| Index Headings of Original Version |
Banks and Financial Institutions - Commercial construction, loan guarantees for Economic Development - Commercial construction, loan guarantees for |
| Proposed Amendments | House Floor Amendment 1 |
| Votes | Vote History |
| 02/09/11 |
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|---|---|
| 02/10/11 |
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| 02/15/11 |
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| 02/16/11 |
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| 02/17/11 |
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| 02/18/11 |
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| 02/23/11 |
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| Amendment | House Floor Amendment 1 |
|---|---|
| Sponsor | R. Palumbo |
| Summary | Delete provisions creating the sales tax funding mechanism. |
| Index Headings |
Banks and Financial Institutions - Commercial construction, loan guarantees for Economic Development - Commercial construction, loan guarantees for |
Last updated: 1/16/2019 3:43 PM (EST)