2011 Kentucky Revised Statutes Subchapter 26 Financing of Existing Industry Development 154.26.085 Options for companies with preliminary approval or final agreement before July 13, 2004.
KY Rev Stat § 154.26.085 (1996 through Reg Sess) What's This?
154.26-085 Options for companies with preliminary approval or final agreement
before July 13, 2004.
(1)
(2)
If, prior to July 13, 2004, the authority has given its preliminary approval
designating an eligible company as a preliminarily approved company and
authorizing the undertaking of an economic revitalization project, but has not
entered into a final agreement with the company, the company shall have the onetime option to:
(a) Operate under the existing agreement as preliminarily approved; or
(b) Request the authority to amend the agreement to comply with the amendments
to KRS 154.26-090, 154.26-100, 136.0704, and 141.310 in 2004 Ky. Acts ch.
105, secs. 12, 13, 14, and 21.
If, prior to July 13, 2004, the authority has entered into a final agreement with an
eligible company, and if the final agreement is still in effect, the company shall have
the one-time option to:
(a) Operate under the existing final agreement; or
(b) Request the authority to amend only the employee assessment portion of the
final agreement to comply with the amendment to KRS 154.26-100 in 2004
Ky. Acts ch. 105, sec. 13.
Effective: July 13, 2004
History: Created 2004 Ky. Acts ch. 105, sec. 15, effective July 13, 2004.
Legislative Research Commission Note (7/13/2004). This section, as enacted in 2004
Ky. Acts ch. 105, sec. 15, is substantially similar to KRS 154.26-115, as enacted in
2004 Ky. Acts ch. 18, sec. 3.
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