2014 Kentucky Revised Statutes
CHAPTER 147A - PROGRAM DEVELOPMENT
147A.032 Industrial revenue bond information clearinghouse.
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<![CDATA[147A.032 Industrial revenue bond information clearinghouse.
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As used in this section, "department" means the Department for Local
Government.
The department may, to the extent resources are available, establish an
industrial revenue bond information clearinghouse to serve as a central
statewide point of contact for the dissemination of information and guidance
relating to the issuance and use of industrial revenue bonds by units of local
government.
The clearinghouse shall collect and disseminate information and guidance that
may be adopted by units of local government seeking to issue industrial
revenue bonds, including:
(a) Identification of best practices;
(b) Model ordinances and resolutions;
(c) Proper issuance procedures;
(d) Examples of possible uses of industrial revenue bond proceeds; and
(e) Other model guidelines.
Information provided through the clearinghouse shall be published on a Web
site that is accessible to the general public to assist private sector businesses,
nonprofit organizations, and others that may benefit from the issuance of
industrial revenue bonds.
The Finance and Administration Cabinet, the Cabinet for Economic
Development, and the Energy and Environment Cabinet shall assist the
department, as needed, in the development of the clearinghouse, to ensure the
most complete, accurate, and current information relating to the issuance and
possible uses of industrial revenue bonds is available on the Web site.
After the initial development of the clearinghouse is complete, and for as long
as it is available, a link to the Web site shall be made available on the one-stop
business portal established in KRS 14.250.
Effective:July 15, 2014
History: Created 2014 Ky. Acts ch. 131, sec. 8, effective July 15, 2014.
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