14RS House Bill 489

House Bill 489

Actions

Last Action	posted in committee
Title	AN ACT relating to energy.
Bill Documents	Bill
Bill Request Number	316
Sponsor	S. Riggs
Summary of Original Version	Amend KRS 45A.345 to expand definition of "qualified provider" and add definitions of other terms; amend KRS 45A.352 to limit bidders for guaranteed energy savings performance contracts to qualified providers; add total outstanding obligations under other such contracts to evaluation criteria; add a measurement and verification protocol to those acceptable; set penalties for failure to provide annual reconciliation statement; local agency may waive measurement and verification for lighting projects after two years; amend KRS 45A.353 to direct that exempted debt service obligations shall be added back into agency debt limits in the event of a guarantee termination; new section of KRS 45A created to set requirements for qualified provider status, renewal requirements and regulatory authority; amend KRS 103.200, 210, 220, 240, and 286, pertaining to city and county private activity revenue bonds, and create a new section of KRS Chapter 103 to reserve 10% of the state private activity bond cap for small or medium manufacturing facility energy efficiency bond projects during the first half of the bond cap allocation period after which unused cap shall revert to the single allocation pool; set requirements for issuance of manufacturing energy efficiency bonds; create new section of KRS 147A to allow DLG to establish an information clearinghouse to educate on issuance and uses of industrial revenue bonds; amend KRS 154.34-010, 070, 080, and 110 of the Kentucky Reinvestment Act to create a separate tax incentive tier for industries that invest a minimum of $300,000, applicable only to energy efficiency investments for small and medium sized industries previously ineligible.
Index Headings of Original Version	Economic Development - Bonds, industrial revenue; reinvestment in manufacturing sites Economic Development - Ky Reinvestment Act incentives, expand eligibility Energy - Guaranteed energy savings performance contracting, set requirements for contractors Labor and Industry - Bonds, industrial revenue, reinvestment in manufacturing sites Local Government - Bonds, industrial revenue, reinvestment in manufacturing sites Local Government - Guaranteed energy savings performance contracting, set requirements for contractors Taxation - Ky Reinvestment Act incentives, expand eligibility Taxation, Income--Corporate - Ky Reinvestment Act incentives, expand eligibility Taxation, Income--Individual - Ky Reinvestment Act incentives, expand eligibility Cities - Bonds, industrial revenue, reinvestment in manufacturing sites Cities - Guaranteed energy savings performance contracting, set requirements for contractors Counties - Bonds, industrial revenue; reinvestment in manufacturing sites Counties - Guaranteed energy savings performance contracting, set requirements for contractors

02/27/14	introduced in House
03/04/14	to Tourism Development & Energy (H)
03/11/14	posted in committee
03/18/14	posted in committee