154.26.015 Legislative findings.
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<![CDATA[154.26-015 Legislative findings. The General Assembly finds and declares that the general welfare and material well-being <br>of the citizens of the Commonwealth depends in large measure upon the revitalization <br>and development of industry in the Commonwealth, and that it is in the best interest of <br>the Commonwealth to induce the revitalization of existing manufacturing or agribusiness <br>facilities within the Commonwealth in order to advance the public purposes of relieving <br>unemployment by preserving and creating jobs that would not exist if not for the <br>inducements to be offered by the authority to approved companies, and by preserving and <br>creating sources of tax revenues for the support of public services provided by the <br>Commonwealth; and that the authority prescribed by KRS 154.26-015 to 154.26-100, and <br>the purposes to be accomplished under the provisions of KRS 154.26-015 to 154.26-100 <br>are proper governmental and public purposes for which public moneys may be expended, <br>and that the inducement of the creation of projects is of paramount importance mandating <br>that the provisions of KRS 154.26-015 to 154.26-100 be liberally construed and applied <br>in order to advance public purposes. Effective: July 15, 1994 <br>History: Amended 1994 Ky. Acts ch. 390, sec. 7, effective July 15, 1994. </p>
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