307 KAR 9:010. Application for Kentucky Reinvestment Act Program.

      RELATES TO: KRS 154.20-033, 154.34-070

      STATUTORY AUTHORITY: KRS 154.20-033, 154.34-070

      NECESSITY, FUNCTION AND CONFORMITY: KRS 154.34-070 authorizes the Kentucky Economic Development Finance Authority to establish additional procedures and standards for the application process for KRS Chapter 154.34 economic development incentives. KRS 154.20-033(1)(b) and 154.34-070 authorize the Kentucky Economic Development Finance Authority to impose fees in conjunction with the application process. This administrative regulation establishes the application for the KRS Chapter 154.34 incentives and sets the fee structure.

      NECESSITY, FUNCTION AND CONFORMITY: KRS 154.34-070 requires the Kentucky Economic Development Finance Authority to establish additional procedures and standards for the application process for KRS 154.34 economic development incentives. KRS 154.20-033 authorizes the Kentucky Economic Development Finance Authority to impose fees in conjunction with the application process. This administrative regulation adopts the application for the KRS 154.34 incentives and sets the fee structure.

      Section 1. Definition. (1) "Application" means the form "Application for Kentucky Reinvestment Act (KRA) Program" with instructions.

      Section 2. Application Supplements. In addition to the information required by KRS 154.34-070, the applicant shall provide:

      (1) All information required by the application which is incorporated by reference; and

      (2) An application fee in the amount of $500 for applications submitted during the period July 2009 through December 2009, $750 for the period January 2010 through December 2010, and $1,000 beginning January 2011 and thereafter.

      Section 3. Incorporation by Reference. (1) "Application for Kentucky Reinvestment Act (KRA) Program", with instructions, July 30, 2009, is incorporated by reference.

      (2) This material may be inspected, copied, or obtained, subject to applicable copyright law, at the Cabinet for Economic Development, Department of Financial Incentives, Old Capitol Annex, 300 West Broadway, Frankfort, Kentucky Monday through Friday, 8 a.m. to 4:30 p.m. (36 Ky.R. 954; Am. 1201; eff. 1-4-2010.)