| Last Action | 04/08/22: signed by Governor (Acts Ch. 176) | 
|---|---|
| Title | AN ACT relating to economic development. | 
| Bill Documents | Acts Chapter 176 Current/Final Introduced | 
| Bill Request Number | 2027 | 
| Sponsors | A. Bowling, J. Petrie, B. Reed, B. Rowland | 
| Summary of Original Version | Create Subchapter 21 of KRS Chapter 154 to require the Cabinet for Economic Development to partner with the Kentucky Association for Economic Development to implement the Kentucky Product Development Initiative; define terms; require the cabinet to administer the program; authorize the cabinet to promulgate administrative regulations; create fund; establish requirements for grant applications; establish the duties of the Kentucky Association for Economic Development in the implementation of the program; establish project evaluation and scoring requirements; cite as the Kentucky Product Development Initiative Act; APPROPRIATION; EMERGENCY. | 
| Index Headings of Original Version | Economic Development - Kentucky Product Development Initiative Act Effective Dates, Emergency - Kentucky Product Development Initiative Labor and Industry - Cabinet for Economic Development, local government, grant program Local Government - Grant program, Cabinet for Economic development Administrative Regulations and Proceedings - Kentucky Product Development Initiative, Cabinet for Economic Development Appropriations - Kentucky Product Development Initiative, fund, economic development Short Titles and Popular Names - Kentucky Product Development Initiative Act | 
| Jump to Proposed Amendments | House Committee Substitute 1 House Committee Amendment 1 House Floor Amendment 1 Senate Committee Substitute 1 | 
| Votes | Vote History | 
| 03/01/22 | 
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| 03/08/22 | 
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| 03/10/22 | 
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| 03/11/22 | 
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| 03/14/22 | 
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| 03/15/22 | 
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| 03/16/22 | 
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| 03/21/22 | 
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| 03/22/22 | 
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| 03/23/22 | 
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| 03/29/22 | 
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| 03/30/22 | 
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| 04/08/22 | 
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| Amendment | House Committee Substitute 1 | 
|---|---|
| Summary | Retain original provisions, except clarify that cabinet shall make the standardized grant applications available on an annual basis and provide feedback to all grant applicants; clarify that property is deemed available if under option for sale or lease to a public entity; remove the ninety (90) day property impediment mitigation requirement; make a technical correction; remove the appropriation clause and emergency clause. | 
| Index Headings | Economic Development - Kentucky Product Development Initiative Act Labor and Industry - Cabinet for Economic Development, local government, grant program Local Government - Grant program, Cabinet for Economic Development Administrative Regulations and Proceedings - Kentucky Product Development Initiative, Cabinet for Economic Development Short Titles and Popular Names - Kentucky Product Development Initiative Act Technical Corrections - HB 745 | 
| Amendment | House Committee Amendment 1 | 
|---|---|
| Sponsor | R. Webber | 
| Summary | Make title amendment. | 
| Index Headings | Title Amendments - HB 745, AN ACT relating to economic development | 
| Amendment | House Floor Amendment 1 | 
|---|---|
| Sponsor | A. Bowling | 
| Summary | Clarify that a property must be served by a road or roads to be eligible and that additional requirements apply if a property is marketed as rail-served. | 
| Index Headings | Labor and Industry - Cabinet for Economic Development, local government, grant program Local Government - Grant program, Cabinet for Economic Development Administrative Regulations and Proceedings - Kentucky Product Development Initiative, Cabinet for Economic Development Short Titles and Popular Names - Kentucky Product Development Initiative Act Economic Development - Kentucky Product Development Initiative Act | 
| Amendment | Senate Committee Substitute 1 | 
|---|---|
| Summary | Retain original provisions, except remove the Kentucky Product Development Initiative fund and direct appropriated funds to the Economic Development fund program in KRS 154.12-100 instead; require the cabinet to award grants in two rounds with respective conditions; update the conditions for grant applicant disqualification from the program; permit the cabinet to pool grant awards under certain conditions; clarify the definition of "eligible project" to limit it to publicly owned property or property that includes a letter of intent or sale agreement to the eligible grant recipient with available matching funds for the project; clarify the administrative duties of the cabinet and the Kentucky Association for Economic Development; obligate Kentucky Association for Economic Development to partner with a third-party independent site selection consultant; change "ranking" to "prioritization"; obligate the Kentucky Association for Economic Development to create a scoring system instead of the Cabinet for Economic Development; and make technical changes for consistency. | 
| Index Headings | Economic Development - Kentucky Product Development Initiative Act Labor and Industry - Cabinet for Economic Development, local government, grant program Local Government - Grant program, Cabinet for Economic Development Administrative Regulations and Proceedings - Kentucky Product Development Initiative, Cabinet for Economic Development Short Titles and Popular Names - Kentucky Product Development Initiative Act | 
Last updated: 2/8/2023 2:57 PM (EST)