House Bill 524

Last Action 02/21/24: to Appropriations & Revenue (H)
Title AN ACT relating to the establishment of a grant program to promote investments in Kentucky businesses, making an appropriation therefor, and declaring an emergency.
Bill Documents Introduced
Fiscal Impact Statement Fiscal Note
Bill Request Number 1581
Sponsors J. Blanton, T. Smith
Summary of Original Version Create new sections of Subchapter 20 of KRS Chapter 154 to establish the Kentucky Rural Jobs Act of 2024; allow the Cabinet for Economic Development to begin accepting applications from entities seeking approval as a growth fund; allow no more than $50 million of grants to be awarded as state matching capital for investments in growth businesses; establish the rural jobs development fund; appropriate $50 million in fiscal year 2024-2025 to the Rural Jobs Development Fund; provide that the Act may be cited as the Kentucky Rural Jobs Act of 2024; APPROPRIATION; EMERGENCY.
Index Headings of Original Version Economic Development - Rural jobs development fund
Effective Dates, Emergency - Rural jobs development fund
State Agencies - Cabinet for Economic Development, rural jobs development fund
Appropriations - Rural jobs development fund
Budget and Financial Administration - Appropriation, rural jobs development fund
Short Titles and Popular Names - Kentucky Rural Jobs Act of 2024
Workforce - Economic development, rural jobs development fund
Fiscal Note - Rural jobs development fund


  • introduced in House
  • to Committee on Committees (H)
  • to Appropriations & Revenue (H)

Last updated: 5/7/2024 1:36 PM (EDT)