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144.115 Legislative findings and declarations.

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144.115 Legislative findings and declarations. For purposes of KRS 144.110 to 144.130, the General Assembly finds and declares that: <br>(1) The general welfare and the material well being of citizens of the Commonwealth of Kentucky depend in large measure upon the development and expansion of industry <br>in the Commonwealth, including the air transportation industry; (2) The development and expansion of domestic and international air transportation service promotes economic development within the Commonwealth for the public <br>purposes of relieving unemployment, and stabilizing and promoting the economy of <br>the Commonwealth through the location of new industry and the retention of <br>existing industry within Kentucky; (3) It is in the best interest of the Commonwealth to induce the location and expansion of domestic and international air transportation service from within the <br>Commonwealth in order to advance the public purposes of relieving unemployment <br>by creating jobs that but for the inducements to be offered by the Commonwealth to <br>certificated air carriers as provided by KRS 144.110 to 144.130 would not exist and <br>of creating new sources of tax revenues for the support of public services provided <br>by the Commonwealth; and (4) The authority granted and the purposes to be accomplished by KRS 144.110 to 144.130 are proper governmental and public purposes for which public moneys may <br>be expended, and that inducement for the location or expansion of air transportation <br>facilities and related equipment by certificated air carriers within the <br>Commonwealth is of paramount importance, mandating that the provisions of KRS <br>144.110 to 144.130 be liberally construed and applied in order to advance the public <br>purposes. Effective: May 24, 1991 <br>History: Created 1991 (1st Extra. Sess.) Ky. Acts ch. 7,sec. 1, effective May 24, 1991.