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Current as of January 01, 2021 | Updated by FindLaw Staff
(1) If, prior to July 13, 2004, the authority has given its preliminary approval designating an eligible company as a preliminarily approved company and authorizing the undertaking of an economic revitalization project, but has not entered into a final agreement with the company, the company shall have the one-time option to:
(a) Operate under the existing agreement as preliminarily approved; or
(b) Request the authority to amend the agreement to comply with the amendments to KRS 154.26-090, 154.26-100, and 141.310 in 2004 Ky. Acts ch. 105, secs. 12, 13, 14, and 21.
(2) If, prior to July 13, 2004, the authority has entered into a final agreement with an eligible company, and if the final agreement is still in effect, the company shall have the one-time option to:
(a) Operate under the existing final agreement; or
(b) Request the authority to amend only the employee assessment portion of the final agreement to comply with the amendment to KRS 154.26-100 in 2004 Ky. Acts ch. 105, sec. 13.
Cite this article: FindLaw.com - Kentucky Revised Statutes Title XII. Conservation and State Development § 154.26-085.Options for companies with preliminary approval or final agreement before July 13, 2004 - last updated January 01, 2021 | https://codes.findlaw.com/ky/title-xii-conservation-and-state-development/ky-rev-st-sect-154-26-085/
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 or via Westlaw before relying on it for your legal needs.
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