307 KAR 1:005. Applications for Kentucky Incentive Programs.
RELATES TO: KRS 154.12-100, 154.20-033,
154.31, 154.32-010
STATUTORY AUTHORITY: KRS 154.12-100, 154.20-033,
154.31-030, 154.32-030
NECESSITY, FUNCTION AND CONFORMITY: KRS
154.12-100, 154.20-033, 154.31-030 and 154.32.030 authorize the Kentucky
Economic Development Finance Authority to establish additional procedures and standards
for the application process for various incentive programs. KRS 154.20-033
authorizes the Kentucky Economic Development Finance Authority to impose fees
in conjunction with the application process. This administrative regulation incorporates
by reference the applications for these incentives and establishes the fee
structure.
Section 1. An applicant for an incentive
program shall submit the information required by the Instruction Sheet,
Application for Kentucky Business Investment (KBI) Program, Kentucky Enterprise
Initiative Act (KEIA), Economic Development Bond (EDB).
Section 2. Kentucky Business Investment
(KBI) Program. An applicant for the Kentucky Business Investment (KBI) Program
shall submit:
(1) The following completed forms:
(a) Application for Incentive Programs,
Project Information;
(b) Application for Incentive Programs,
Kentucky Business Investment (KBI) Program;
(c) Application for Incentive Programs,
Certification of Application; and
(d) Application for Incentive Programs,
Attachment A, Incentive Disclosure Statement;
(2) An application fee in the amount of
$1,000; and
(3) An administrative fee equal to
one-fourth (0.25) percent of the incentive amount authorized in the tax
incentive agreement up to a maximum of $50,000.
Section 3. Kentucky Enterprise Initiative
Act (KEIA) Program. An applicant for the Kentucky Enterprise Initiative Act
(KEIA) Program shall submit:
(1) The following completed forms:
(a) Application for Incentive Programs,
Project Information;
(b) Application for Incentive Programs,
Kentucky Enterprise Initiative Act (KEIA);
(c) Application for Incentive Programs,
Certification of Application; and
(d) Application for Incentive Programs,
Attachment A, Incentive Disclosure Statement; and
(2) An application fee in the amount of
$500.
Section 4. Economic Development Bond
(EDB) Program. An applicant for an Economic Development Bond (EDB) shall submit
the following completed forms:
(1) Application for Incentive Programs,
Project Information;
(2) Application for Incentive Programs,
Economic Development Bonds (EDB) – Company portion;
(3) Application for Incentive Programs,
Economic Development Bonds (EDB) – Local portion;
(4) Application for Incentive Programs,
Certification of Application; and
(5) Application for Incentive Programs,
Attachment A, Incentive Disclosure Statement.
Section 5. Incorporation by Reference.
(1) The following material is incorporated by reference:
(a) “Instruction Sheet, Application for
Kentucky Business Investment (KBI) Program, Kentucky Enterprise Initiative Act
(KEIA), Economic Development Bond (EDB)”, Rev. 4/2012;
(b) "Application for Incentive
Programs, Project Information", Rev. 4/2012;
(c) "Application for Incentive
Programs, Kentucky Business Investment (KBI) Program", Rev. 4/2012;
(d) "Application for Incentive
Programs, Kentucky Enterprise Initiative Act (KEIA)", Rev. 4/2012;
(e) "Application for Incentive
Programs, Economic Development Bonds (EDB) – Company portion", Rev.
4/2012;
(f) "Application for Incentive
Programs, Economic Development Bonds (EDB) – Local portion", Rev. 4/2012;
(g) "Application for Incentive
Programs, Certification of Application", Rev. 4/2012; and
(h) "Application for Incentive
Programs, Attachment A, Incentive Disclosure Statement", Rev. 4/2012.
(2) This material may be inspected,
copied, or obtained, subject to applicable copyright law, at the Cabinet for
Economic Development, Department of Financial Incentives, Old Capitol Annex,
300 West Broadway, Frankfort, Kentucky, Monday through Friday, 8:00 a.m. to
4:30 p.m. (39 Ky.R. 359; 767; eff. 11-2-12.)
