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154.20.400 Definitions for KRS 154.20-400 to 154.20-420.

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Page 1 of 1 154.20-400 Definitions for KRS 154.20-400 to 154.20-420. As used in KRS 154.20-400 to 154.20-420: <br>(1) &quot;Alternative fuels&quot; means: (a) Alternative transportation fuels as defined in KRS 152.715; <br>(b) Synthetic natural gas as defined in KRS 152.715; <br>(c) Biodiesel produced from biomass resources as defined in KRS 152.715 that is used for purposes other than transportation fuel; (d) Ethanol as defined in KRS 141.422; <br>(e) Cellulosic ethanol as defined in KRS 141.422; and <br>(f) Any other fuel that is produced from a renewable or sustainable source; (2) &quot;Eligible company&quot; means any corporation, limited liability company, partnership, limited partnership, sole proprietorship, business trust, person, group, or other entity <br>engaged in research and development and commercialization related to, or the <br>production of, alternative fuels or renewable energy; (3) &quot;Kentucky-based&quot; means a business with its principal place of business in Kentucky or at least fifty-one percent (51%) of its property and payroll located in Kentucky; (4) &quot;Qualified company&quot; means an eligible company that may be granted funding pending final approval; (5) &quot;Renewable energy&quot; means electricity produced by hydropower, solar power, landfill methane gas, wind power, geothermal, biomass, or other renewable sources; <br>and (6) &quot;Science and technology organization&quot; means an independent, nonprofit quasi-governmental organization with a statewide mission and demonstrated history of <br>managing complicated programs in the areas of entrepreneurial innovation, research <br>and development, and science and technology advancement. Effective: August 30, 2007 <br>History: Created 2007 (2d Extra. Sess.) Ky. Acts ch. 1, sec. 45, effective August 30, 2007.