07RS SB127

SB127

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Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.


SB 127 (BR 1265) - D. Ridley

     AN ACT relating to economic development.
     Create a new section of KRS 42.450 to 42.495 to allow two or more counties, at least one of which has a single county account in the local government economic development fund (LGEDF), to form a Coal for Regional Economic Development (C-RED) organization that creates programs and other initiatives to market the region; require the establishment of the C-RED organization through interlocal agreement; require the interlocal agreement to meet several requirements such as an agreement that each county that has a single county account in the LGEDF to contribute up to five percent of their account to the C-RED organization; establish that counties that successfully enter into an interlocal agreement are eligible for a five percent match from the 50% of coal severance taxes that go into the general fund.

     Feb 7-introduced in Senate
     Feb 9-to Appropriations & Revenue (S)


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