Last Action | 04/08/22: signed by Governor (Acts Ch. 176) |
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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 |
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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 |
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Sponsor | R. Webber |
Summary | Make title amendment. |
Index Headings | Title Amendments - HB 745, AN ACT relating to economic development |
Amendment | House Floor Amendment 1 |
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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 |
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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)