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154.48.015 Findings of General Assembly regarding provisions of KRS 154.48-010 to 154.48-035.

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Page 1 of 1 154.48-015 Findings of General Assembly regarding provisions of KRS 154.48-010 to 154.48-035. 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 investment and <br>development of facilities that produce new environmental technologies in the <br>Commonwealth, and that it is in the best interest of the Commonwealth to induce the <br>investment for production of new environmental technologies within the Commonwealth <br>in order to advance the public purposes of relieving unemployment by preserving jobs <br>that might otherwise no longer exist or creating new jobs and by preserving and creating <br>sources of tax revenues for the support of public services provided by the <br>Commonwealth. The General Assembly also finds that the authority prescribed by KRS <br>154.48-010 to 154.48-035 and the purposes to be accomplished under KRS 154.48-010 to <br>154.48-035 are proper governmental and public purposes for which public moneys may <br>be expended, and that the inducement of the creation of projects is of paramount <br>importance mandating that KRS 154.48-010 to 154.48-035 be liberally construed and <br>applied in order to advance public purpose. Effective: March 18, 2005 <br>History: Created 2005 Ky. Acts ch. 168, sec. 144, effective March 18, 2005. <br>Legislative Research Commission Note (3/18/2005). 2005 Ky. Acts ch. 168, sec. 165, provides that this section shall apply to tax years beginning on or after January 1, <br>2005.