Skip to main content
Find a Lawyer

Kentucky Revised Statutes Title XV. Roads, Waterways, and Aviation § 176.247.Local matching funds requirement; amounts required

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) The cabinet shall use the county population ranking produced every two (2) years by the Cabinet for Economic Development to determine the amount of local matching funds required for grants awarded from the LARP.

(2) The required local match for a project receiving funds from the LARP for projects awarded in the next regular session of the General Assembly shall be as follows:

(a) Eligible projects in counties where the county population ranking is equal to or greater than one hundred ninety-three (193) shall provide local matching funds equal to ten percent (10%) of the project cost;

(b) Eligible projects in counties where the county population ranking is less than one hundred ninety-three (193) but equal to or greater than one hundred forty-five (145) shall provide local matching funds equal to twelve and one-half percent (12.5%) of the project cost;

(c) Eligible projects in counties where the county population ranking is less than one hundred forty-five (145) but equal to or greater than ninety-seven (97) shall provide local matching funds equal to fifteen percent (15%) of the project cost;

(d) Eligible projects in counties where the county population ranking is less than ninety-seven (97) but equal to or greater than forty-nine (49) shall provide local matching funds equal to seventeen and one-half percent (17.5%) of the project cost; and

(e) Eligible projects in counties where the county population ranking is less than forty-nine (49) shall provide local matching funds equal to twenty percent (20%) of the project cost.

(3) A city or county may use funds received under KRS 177.320(2) and 177.365 to provide local matching funds for projects in the LARP.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Kentucky Revised Statutes Title XV. Roads, Waterways, and Aviation § 176.247.Local matching funds requirement; amounts required - last updated January 01, 2025 | https://codes.findlaw.com/ky/title-xv-roads-waterways-and-aviation/ky-rev-st-sect-176-247/

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.

Was this helpful?

Welcome to FindLaw's Cases & Codes

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.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

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.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard