HB-009
FailedDesignating the Economic Development Incentivisation Act
Type: Bill
Fiscal Impact: None
Introduced: Apr 16, 2026
Summary
An Act designating the applicable statutory provisions of the Kentucky Revised Statutes with respect to economic development incentivisation; prescribing procedures, standards, and responsibilities; authorising the promulgation of administrative regulations; and providing for related matters.
Full Text
WHEREAS the Joint Appropriations Committee has received and reviewed testimony demonstrating the necessity of clarifying economic development incentivisation;
WHEREAS the General Assembly finds that existing statutory provisions governing economic development incentivisation are insufficient to address contemporary conditions;
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE COMMONWEALTH OF KENTUCKY:
SECTION 1. Legislative Findings and Declarations of Policy.
The General Assembly hereby finds that the economic development incentivisation in the Commonwealth requires responsive and efficient statutory governance. It is the declared policy of this Commonwealth to ensure that the regulatory framework governing said economic development incentivisation is modern, equitable, and aligned with current best practices.
SECTION 2. Revenue Allocation.
This Act shall be interpreted and construed in a manner consistent with the legislative intent to promote fiscal responsibility, governmental efficiency, and the welfare of all citizens of the Commonwealth, and shall be liberally construed to effectuate its remedial purposes.
Notwithstanding any provision of law to the contrary, any funds appropriated pursuant to this Act shall remain available for expenditure until the conclusion of the fiscal biennium in which they were appropriated, subject to the standard allotment and encumbrance procedures of the Finance and Administration Cabinet.
SECTION 3. Civil Remedies.
Any person who knowingly violates the provisions of this Act, or any administrative regulation promulgated thereunder, shall be subject to a civil penalty not to exceed Five Thousand Dollars ($5,000) per violation per day. The Agency shall have authority to assess such penalties following a duly noticed administrative hearing conducted in conformance with KRS Chapter 13B.
The Agency shall, in consultation with the relevant Interim Joint Committee, undertake a comprehensive review of the programme established by this Act no later than four (4) years following its effective date and shall report findings and any recommended statutory modifications to the General Assembly.
SECTION 4. Data Confidentiality.
All state agencies and political subdivisions receiving funds appropriated pursuant to this Act are required to maintain adequate financial records, consistent with generally accepted governmental accounting standards, and shall provide access to such records upon written request by the Auditor of Public Accounts.
SECTION 5. Definitions.
"Qualified Entity" means any person or organisation that meets the eligibility criteria established pursuant to Section 3 of this Act.
"Fiscal Year" means the twelve-month period commencing on July 1 of each calendar year and terminating on June 30 of the succeeding calendar year.
"Governing Body" means the county fiscal court, the municipal legislative body, or such other local governmental entity vested with general legislative authority.
SECTION 6. Effective Date.
This Act shall take effect ninety (90) days following its enactment into law.
SECTION 7. Severability.
In the event any provision of this Act, or the application thereof to any person or set of circumstances, is held to be invalid, such invalidity shall not affect other provisions or applications of this Act which can be given effect without the invalid provision or application, and to this end the provisions of this Act are declared to be severable.
Legislative Proceedings
53 entriesI am proud to present to this body HB-009, which I commend to the favourable attention of my colleagues.
I second the motion to introduce HB-009 and concur that it warrants the serious attention of this chamber.
The Chair announces that HB-009 has been referred from initial introduction to open debate in accordance with the standing rules of this chamber.
I rise in strong support of HB-009. Having reviewed the bill's provisions in detail, I am persuaded that its enactment represents sound fiscal and legislative policy, and I urge my colleagues to vote affirmatively.
My constituents have spoken clearly on this matter. HB-009 reflects the will of the people and this chamber should act accordingly, without delay.
The standing committee has reviewed HB-009 and, following deliberation, reports it favourably to the full chamber with the following amendments: technical corrections to Section 2 and clarification of the definition provision in Section 1.
I request the indulgence of this chamber for a brief closing statement on HB-009. This legislation has been long in coming and I am grateful for the collegial process that has brought it to this point.
Yea. This legislation serves the public interest and merits the affirmative vote of this chamber.
Yea. This legislation serves the public interest and merits the affirmative vote of this chamber.
I vote yea and record my support for the advancement of sound public policy.
Yea. This legislation serves the public interest and merits the affirmative vote of this chamber.
Nay. I look forward to working with the sponsor on an amended version in a future session.
I vote nay and respectfully express my concern that further deliberation is warranted.
Yea. I commend the sponsoring member for bringing this matter before the chamber.
Yea. I commend the sponsoring member for bringing this matter before the chamber.
I cast my vote in the negative, consistent with my responsibility to ensure the fiscal integrity of this Commonwealth.
Yea. I commend the sponsoring member for bringing this matter before the chamber.
Nay. The measure as drafted requires revision before it can command my support.
Nay. I look forward to working with the sponsor on an amended version in a future session.
Yea. I commend the sponsoring member for bringing this matter before the chamber.
I cast my vote in the negative, consistent with my responsibility to ensure the fiscal integrity of this Commonwealth.
Nay. I look forward to working with the sponsor on an amended version in a future session.
Nay. The measure as drafted requires revision before it can command my support.
Nay. I look forward to working with the sponsor on an amended version in a future session.
I cast my vote in the negative, consistent with my responsibility to ensure the fiscal integrity of this Commonwealth.
I vote nay and respectfully express my concern that further deliberation is warranted.
Nay. The measure as drafted requires revision before it can command my support.
Yea. This legislation serves the public interest and merits the affirmative vote of this chamber.
I vote yea and record my support for the advancement of sound public policy.
I cast my vote in the affirmative, consistent with the wishes of my constituents and my own studied review of this measure.
I vote yea and record my support for the advancement of sound public policy.
I vote nay and respectfully express my concern that further deliberation is warranted.
Nay. I look forward to working with the sponsor on an amended version in a future session.
Nay. I look forward to working with the sponsor on an amended version in a future session.
Nay. The measure as drafted requires revision before it can command my support.
Yea. This legislation serves the public interest and merits the affirmative vote of this chamber.
Nay. I look forward to working with the sponsor on an amended version in a future session.
Nay. I look forward to working with the sponsor on an amended version in a future session.
Nay. The measure as drafted requires revision before it can command my support.
Nay. The measure as drafted requires revision before it can command my support.
Nay. I look forward to working with the sponsor on an amended version in a future session.
Yea. This legislation serves the public interest and merits the affirmative vote of this chamber.
Yea. I commend the sponsoring member for bringing this matter before the chamber.
I vote nay and respectfully express my concern that further deliberation is warranted.
Nay. I look forward to working with the sponsor on an amended version in a future session.
I cast my vote in the affirmative, consistent with the wishes of my constituents and my own studied review of this measure.
Nay. The measure as drafted requires revision before it can command my support.
Yea. This legislation serves the public interest and merits the affirmative vote of this chamber.
I vote nay and respectfully express my concern that further deliberation is warranted.
Nay. The measure as drafted requires revision before it can command my support.
I cast my vote in the negative, consistent with my responsibility to ensure the fiscal integrity of this Commonwealth.
I vote nay and respectfully express my concern that further deliberation is warranted.
It is the determination of the Chair that HB-009 has failed of passage. The Clerk shall note the final vote in the journal.
Bill Progress
- Draft
- Debate
- Committee
- Floor Vote
- Other Chamber
- Governor
- Enacted