HB 524 KY
AN ACT relating to the establishment of a grant program to promote investments in Kentucky businesses, making an appropriation therefor, and declaring an emergency.
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Summary
Create new sections of Subchapter 20 of KRS Chapter 154 to establish the Kentucky Rural Jobs Act of 2024; allow the Cabinet for Economic Development to begin accepting applications from entities seeking approval as a growth fund; allow no more than $50 million of grants to be awarded as state matching capital for investments in growth businesses; establish the rural jobs development fund; appropriate $50 million in fiscal year 2024-2025 to the Rural Jobs Development Fund; provide that the Act may be cited as the Kentucky Rural Jobs Act of 2024; APPROPRIATION; EMERGENCY.
Sponsors (2)
- J. Blanton Republican · primary
- T. Smith Republican · primary
Action history (3)
- Feb 13, 2024 introduced in House · lower
- Feb 13, 2024 to Committee on Committees (H) · lower
- Feb 21, 2024 to Appropriations & Revenue (H) · lower
Text versions (1)
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