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154.24.020 Legislative findings.

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154.24-020 Legislative findings. (1) The General Assembly hereby finds and declares that the general welfare and material well-being of citizens of the Commonwealth depends in large measure <br>upon the development and growth of the service and technology industries in the <br>Commonwealth. (2) The General Assembly hereby finds and further declares that it is in the best interest of the Commonwealth to induce: <br>(a) The location of service and technology facilities in the Commonwealth; and <br>(b) The expansion of existing service and technology industries in the Commonwealth, in order to advance the public purposes of relieving <br>unemployment by creating new jobs in the Commonwealth that, but for the <br>inducements to be offered by the authority to approved companies, would not <br>exist, and of creating new sources of tax revenues for the support of the public <br>services provided by the Commonwealth. (3) The General Assembly hereby finds and further declares that the authorities granted by KRS 154.24-010 to 154.24-150 are proper governmental and public purposes for <br>which public moneys may be expended, and that the inducement of: <br>(a) The location of service and technology facilities in the Commonwealth; and <br>(b) The expansion of existing service and technology industries in the Commonwealth is of paramount importance, mandating that the provisions of <br>KRS 154.24-010 to 154.24-150 be liberally construed and applied in order to <br>advance the public purposes. Effective: July 14, 1992 History: Created 1992 Ky. Acts ch. 358, sec. 2, effective July 14, 1992.