HJR 5 (BR 70) - L. Clark, J. Bell, T. Pullin
Direct the Director of the Legislative Research Commission to engage a consulting firm to study the effectiveness of economic development incentive programs; require results to be submitted by December 1, 2011.
HJR 5 - AMENDMENTS
HCS - Retain original provisions, except direct the Kentucky Economic Development Partnership Board to engage the consultant; include the incentive programs of the Tourism, Arts and Heritage Cabinet in the study mandate; require results to be submitted by December 31, 2011.
SCS - Require the Director of the Legislative Research Commission to engage the services of a consulting firm to conduct a comprehensive study of the effectiveness and efficiency of the economic development initiatives and incentive programs offered by the Commonwealth and administered by the Cabinet for Economic Development and the Tourism, Arts and Heritage Cabinet; require the consulting firm to examine the economic and fiscal impacts associated with each development program including but not limited to the amount of funding appropriated to the program, the amount of state and local tax revenue foregone as a result of the program, the number of jobs created or retained, the levels of compensation paid to employees, the amount of new tax revenues collected due to the new or expanded economic activity, and whether the program is being administered as intended by the General Assembly; require the consulting firm to examine the reporting requirements and information-sharing requirements of the Cabinet for Economic Development and the Tourism, Arts and Heritage Cabinet, the Department of Revenue, and other relevant state agencies to provide members and staff of the General Assembly and the Legislative Research Commission with information necessary to evaluate programs; require the consulting firm to examine claw back provisions in place in the Commonwealth, as well as those in place among sister states; require the consulting firm to conduct a thorough, in-depth examination of the process used by the Kentucky Economic Development Partnership Board to select each secretary of the Economic Development Cabinet, and to examine how the requirements set forth in KRS 154.10-040 have been developed by the Board to recommend candidates; require the consulting firm to compare and report the salary of each secretary of the Economic Development Cabinet with those of secretaries of cabinets of economic development or their logical equivalents in surrounding states; require that the study and recommendations be transmitted to the Legislative Research Commission before December 1, 2011.
(Prefiled by the sponsor(s).)
Oct 6-To: Interim Joint Committee on Economic Development and Tourism
Jan 4-introduced in House; to Economic Development (H)
Feb 7-posted in committee
Feb 10-reported favorably, 1st reading, to Consent Calendar with Committee Substitute
Feb 11-2nd reading, to Rules; posted for passage in the Consent Orders of the Day for Tuesday, February 15, 2011
Feb 15-3rd reading, adopted 100-0 with Committee Substitute
Feb 16-received in Senate
Feb 18-to Economic Development, Tourism & Labor (S)
Feb 25-taken from Economic Development, Tourism & Labor (S); 1st reading; returned to Economic Development, Tourism & Labor (S)
Feb 28-taken from Economic Development, Tourism & Labor (S); 2nd reading; returned to Economic Development, Tourism & Labor (S)
Mar 3-reported favorably, to Rules; taken from Rules (S); returned to Economic Development, Tourism & Labor (S); reported favorably, to Rules with Committee Substitute ; posted for passage in the Regular Orders of the Day for Thursday, March 3, 2011; 3rd reading, adopted 35-0 with Committee Substitute
Mar 4-received in House; to Rules (H)
Mar 7-posted for passage for concurrence in Senate Committee Substitute ; House concurred in Senate Committee Substitute ; passed 93-0; enrolled, signed by each presiding officer; delivered to Governor
Mar 17-signed by Governor