Kentucky
General Assembly

02/13/17	introduced in House
02/15/17	to Appropriations & Revenue (H)
02/16/17	posted in committee
02/22/17	reported favorably, 1st reading, to Calendar
02/23/17	2nd reading, to Rules posted for passage in the Regular Orders of the Day for Friday, February 24, 2017 floor amendments (1) and (2) and (3) filed
02/27/17	3rd reading floor amendments (1) and (2) ruled out of order passed 79-14
02/28/17	received in Senate
03/01/17	to Appropriations & Revenue (S)
03/06/17	taken from Appropriations & Revenue (S) 1st reading returned to Appropriations & Revenue (S)
03/07/17	taken from Appropriations & Revenue (S) 2nd reading returned to Appropriations & Revenue (S)
03/14/17	reported favorably, to Rules with Committee Substitute (1)
03/29/17	taken from Rules recommitted to Appropriations & Revenue (S)
03/30/17	reported favorably, to Rules with Committee Substitute (2) posted for passage in the Regular Orders of the Day for Thursday, March 30, 2017 3rd reading Committee Substitute (1) withdrawn passed 30-7-1 with Committee Substitute (2) received in House to Rules (H) posted for passage for concurrence in Senate Committee Substitute (2) House concurred in Senate Committee Substitute (2) passed 72-8 enrolled, signed by Speaker of the House enrolled, signed by President of the Senate delivered to Governor
04/11/17	signed by Governor (Acts, ch. 189)

Amendment	House Floor Amendment 1
Sponsor	R. Palumbo
Summary	Provide that if additional financing is approved for or the current financing is renegotiated by the Louisville Arena Authority, Inc., the authority shall remove blackout dates the day before and the day after an event within the arena.
Index Headings	Fiscal Note - Tax increment financing, extension Effective Dates, Emergency - Tax increment financing, extension Taxation - Tax increment financing, extension Taxation, Income--Corporate - Tax increment financing, extension Taxation, Sales and Use - Tax increment financing, extension

Amendment	House Floor Amendment 2
Sponsor	R. Palumbo
Summary	Direct the Louisville Arena Authority, Inc., to actively search for a National Basketball Association team to locate in Kentucky and play home basketball games in the KFC Yum! Center arena.
Index Headings	Fiscal Note - Tax increment financing, extension Effective Dates, Emergency - Tax increment financing, extension Taxation - Tax increment financing, extension Taxation, Income--Corporate - Tax increment financing, extension Taxation, Sales and Use - Tax increment financing, extension

Amendment	House Floor Amendment 3
Sponsor	R. Palumbo
Summary	Provide that upon any modification to the contract between the University of Louisville and the Louisville Arena Authority, Inc., the provision allowing the University of Louisville to purchase the KFC Yum! Center upon default of financing shall be removed.
Index Headings	Fiscal Note - Tax increment financing, extension Effective Dates, Emergency - Tax increment financing, extension Taxation - Tax increment financing, extension Taxation, Income--Corporate - Tax increment financing, extension Taxation, Sales and Use - Tax increment financing, extension

Amendment	Senate Committee Substitute 1
Summary	Extend the period for which a pilot program can exist for an additional 18 years under certain circumstances; require certain contributions be made annually by the local government and the public university; require excess revenues be used to redeem bond prior to stated maturity date; require borrower of the proceeds of the bond to apply excess revenues to the debt service at least every 36 months; require an evaluation of the total incentive amount paid through state participation be made and require a report to be submitted by the Department of Revenue; require reimbursement by the local government, university and the borrower of the proceeds of the bond, on a pro rata basis, if the total incentive amount paid from state participation exceeds $315,000,000, to be deposited in the Kentucky permanent pension fund to be appropriated by the General Assembly.
Index Headings	Fiscal Note - Tax increment financing, extension Effective Dates, Emergency - Tax increment financing, extension Taxation - Tax increment financing, extension Taxation, Income--Corporate - Tax increment financing, extension Taxation, Sales and Use - Tax increment financing, extension

Amendment	Senate Committee Substitute 2
Summary	Extend the period for which a pilot program can exist for an additional 25 years under certain circumstances; require excess revenues be used to redeem the bond prior to the stated maturity date; require once the bond is callable, the borrower to apply excess revenues to the debt service at least every 36 months; require the borrower to submit an annual report to the Governor and the Capital Projects and Bond Oversight Committee; EMERGENCY.
Index Headings	Fiscal Note - Tax increment financing, extension Effective Dates, Emergency - Tax increment financing, extension Taxation - Tax increment financing, extension Taxation, Income--Corporate - Tax increment financing, extension Taxation, Sales and Use - Tax increment financing, extension