154.20-020 Authority to commit cabinet to projects -- Exceptions.
(1)
(2)
(3)
(4)
The secretary shall be authorized to commit the cabinet to any project or proposal,
subject to approval of the committee as necessary except that any state incentive
agreement requiring the participation of other agencies of state government shall
require the concurrence of the board.
No project shall be funded in whole or part by the authority unless first approved by
its committee pursuant to administrative regulations promulgated by the board in
accordance with KRS Chapter 13A.
Lending decisions made by the authority shall be based, if possible, feasible, and
not otherwise precluded by federal or state law, on utilizing state funds to leverage
private sector investment.
The authority shall cooperate with the Cabinet for Health and Family Services in
facilitation of KRS 194.245(1)(a).
Effective: June 20, 2005
History: Amended 2005 Ky. Acts ch. 99, sec. 123, effective June 20, 2005. -- Amended
2000 Ky. Acts ch. 330, sec. 2, effective July 14, 2000. -- Amended 1998 Ky. Acts
ch. 426, sec. 109, effective July 15, 1998. -- Created 1992 Ky. Acts ch. 105, sec. 18,
effective July 14, 1992.
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