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154.23.005 Legislative findings for KRS 154.23-005 to 154.23-079.

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Page 1 of 1 154.23-005 Legislative findings for KRS 154.23-005 to 154.23-079. The General Assembly hereby finds and declares as follows: <br>(1) That the general welfare and material well-being of the citizens of the Commonwealth, particularly those residing in qualified zones, depends in large <br>measure upon development and growth of manufacturing and service or technology <br>industries in the Commonwealth; (2) It is in the best interest of the Commonwealth to create new sources of tax revenues for the support of public services, to induce the location and expansion of <br>manufacturing and service or technology industries within qualified zones, and to <br>advance the public purposes of relieving unemployment and providing employment <br>opportunities that would not exist but for the inducements offered by the authority <br>to eligible companies; and (3) That the authority granted by KRS 154.23-005 to 154.23-079 and purposes to be accomplished under KRS 154.23-005 to 154.23-079 are proper governmental and <br>public purposes for which public moneys may be expended, and the inducements <br>for the location and expansion of manufacturing and service or technology <br>industries within qualified zones is of paramount importance, for which KRS <br>154.23-005 to 154.23-079 shall be liberally construed and applied to advance public <br>purposes. Effective: July 14, 2000 <br>History: Created 2000 Ky. Acts ch. 528, sec. 1, effective July 14, 2000.