House Bill 407

Actions | Amendments
Last Action to Appropriations & Revenue (S)
Title AN ACT relating to economic development.
Bill Documents Bill
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

Actions

Top | Amendments
02/09/11
  • introduced in House
02/10/11
  • to Economic Development (H)
  • posting waived
02/15/11
  • reported favorably, 1st reading, to Consent Calendar
02/16/11
  • 2nd reading, to Rules
02/17/11
  • taken from Rules (H)
  • placed in the Orders of the Day for Friday, February 18, 2011
  • floor amendment (1) filed
02/18/11
  • 3rd reading, passed 77-18 with floor amendment (1)
  • received in Senate
02/23/11
  • to Appropriations & Revenue (S)

Proposed Amendments

Top | Actions
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)