2011 Kentucky Revised Statutes Subchapter 32 The Kentucky Business Investment Program 154.32.050 Enhanced incentive counties -- Annual identification and certification or decertification -- Criteria -- Multicounty industrial park projects.
KY Rev Stat § 154.32.050 (1996 through Reg Sess) What's This?
154.32-050 Enhanced incentive counties -- Annual identification and certification
or decertification -- Criteria -- Multicounty industrial park projects.
(1)
(2)
(3)
The authority shall identify and certify or decertify enhanced incentive counties on
an annual basis as provided in this section.
Each fiscal year, the authority shall:
(a) Obtain from the Office of Employment and Training within the Department of
Workforce Investment in the Education and Workforce Development Cabinet,
the final unemployment figures for the prior calendar year for each county and
for the Commonwealth as a whole;
(b) Identify those counties which have had:
1.
A countywide unemployment rate that exceeds the statewide
unemployment rate in the most recent five (5) consecutive calendar
years; or
2.
An average countywide rate of unemployment exceeding the statewide
unemployment rate by two hundred percent (200%) in the most recent
calendar year; and
(c) Certify the counties identified in paragraph (b) of this subsection as enhanced
incentive counties.
A county not certified under subsection (2) of this section may also be certified by
the authority as an enhanced incentive county if the authority determines the county
is one (1) of the sixty (60) most distressed counties in the Commonwealth based on
the following criteria with equal weight given to each criterion:
(a) The average countywide rate of unemployment in the most recent three (3)
consecutive calendar years, using the information obtained under subsection
(2)(a) of this section;
(b) The percentage of adults twenty-five (25) years of age and older who have
attained at least a high school education or equivalent, on the basis of the most
recent data available from the United States Department of Commerce,
Bureau of the Census; and
(c) The quality of the roads in the county. Quality of roads shall be determined by
the access within a county to roads, ranked in descending order from best
quality to worst quality, as certified to the authority by the Kentucky
Transportation Cabinet as follows:
1.
Two (2) or more interstate highways;
2.
One (1) interstate highway;
3.
A state four (4) lane parkway;
4.
A four (4) lane principal arterial access to an interstate highway;
5.
A state two (2) lane parkway; and
6.
None of the preceding road types.
(4)
(a)
(b)
(5)
(a)
(b)
If the authority determines that an enhanced incentive county no longer meets
the criteria to be certified as an enhanced incentive county under this section,
the authority shall decertify that county.
Any economic development project located in an enhanced incentive county
that was decertified by the authority after May 1, 2009, shall have until July 1
of the third year following the fiscal year in which the county was decertified
to obtain final approval from the authority.
As used in this subsection, "industrial park" means a regional industrial park
as defined in KRS 42.4588, or an industrial park created pursuant to an
interlocal agreement in which revenues are shared as provided in KRS 65.245.
An economic development project undertaken in an industrial park that is
located in two (2) or more counties, one (1) of which is an enhanced incentive
county, may be approved for the enhanced incentive county incentives set
forth in this subchapter.
Effective: June 26, 2009
History: Created 2009 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 13, effective June 26,
2009.
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