Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2025 | Updated by Findlaw Staff
(1) In the implementation of the Kentucky Product Development Initiative, the Kentucky Association for Economic Development shall:
(a) Process the grant applications;
(b) Determine whether a grant applicant is an eligible grant recipient and seeking a grant for an eligible project;
(c) Evaluate the project site cited or proposed by each grant applicant in accordance with the program's evaluation model described in KRS 154.21-035 and based on the criteria recommended by the third-party independent site selection consultant;
(d) Score each grant applicant's project pursuant to the scoring system described in KRS 154.21-040;
(e) Rank the grant applicants:
1. In a manner that prioritizes the greatest return on investment, workforce creation, and relative positive impact on the community; and
2. Based on the project site evaluation and subsequent project score described in KRS 154.21-035 and 154.21-040;
(f) Compile a list of proposed grant recipients whose eligible project demonstrates a high level of investment potential if a grant is made, as revealed by the evaluation, scoring, and ranking process described in this section and KRS 154.21-035 and 154.21-040;
(g) Submit the proposed grant recipients and their prioritization to the cabinet for final selection of the grant recipients;
(h) Provide detailed feedback to all grant applicants after the project site evaluation and project score are completed; and
(i) Compile an annual report for the cabinet conveying the following information about the program:
1. A list of all program applicants;
2. The identity of applicants who were not selected for recommendation;
3. Trends found in feedback given to applicants who were not selected for recommendation;
4. Eligible uses of the properties cited in the grant applications; and
5. Any other information requested by the cabinet.
(2) The Kentucky Association for Economic Development shall contract with a third-party independent site selection consultant to assist with the grant applicant site evaluations, scoring, prioritization, and recommendations described in this section and KRS 154.21-035 and 154.21-040.
Cite this article: FindLaw.com - Kentucky Revised Statutes Title XII. Conservation and State Development § 154.21-030.Application processes; annual report - last updated January 01, 2025 | https://codes.findlaw.com/ky/title-xii-conservation-and-state-development/ky-rev-st-sect-154-21-030/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)