Find Legal Information

154.20.060 Projects eligible for insurance by authority -- Priority given to certain projects.

Download pdf

154.20-060 Projects eligible for insurance by authority -- Priority given to certain projects. (1) Insurance, guarantees, or letters of credit provided or procured pursuant to KRS 154.20-040 and 154.20-045 shall be provided or procured only for projects within <br>this state which are consistent with the purposes and objectives of the authority and <br>this chapter. (2) The authority shall give paramount priority in providing or procuring insurance, guarantees, and letters of credit to projects which have the greatest potential for <br>creating new jobs or retaining current jobs within this state. (3) Notwithstanding the provisions of subsection (2) of this section, when considering project applications from a riverport facility established under KRS 65.520, the <br>authority shall not give priority to regulatory criteria pertaining to direct <br>employment at these facilities and shall instead give priority to the indirect <br>employment maintained or created. Effective: July 14, 2000 <br>History: Amended 2000 Ky. Acts ch. 371, sec. 3, effective July 14, 2000. -- Created 1988 Ky. Acts ch. 383, sec. 11, effective July 15, 1988. Formerly codified as KRS 154.051