Kentucky 2026 Regular Session Status: Enacted Bipartisan · 2 R · 1 D cosponsors

HB 577 — AN ACT relating to economic development.

Last action — signed by Governor (Acts Ch. 114)

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed House
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced February 06, 2026. Enacted.

Signed by Governor Andy Beshear (Democratic) on April 13, 2026.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 92% · high confidence

  • Enacted

    Current position in the legislative process.

  • 3 sponsors

    3 primary, 0 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (2 R · 1 D) — cross-party backing.

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

Amend KRS 154.12-300, 154.12-305, and 154.12-300 to change the Kentucky Innovation and Commercialization Center program to the Kentucky Entrepreneurship and Innovation Hub Program; amend KRS 154.12-300 to define terms; amend KRS 154.12-305 to add goals of supporting entrepreneur-led economic development and attracting workforce talent, investors, and start-up companies to the program; amend KRS 154.12-310 to make conforming changes; amend KRS 164.6011 to include definitions of "early-stage company" and "high-growth company" in the Kentucky Innovation Act; amend KRS 164.6019 to provide that moneys received in the Kentucky enterprise fund may be subject to restrictions imposed by the contributing entity and subject to approval by the Cabinet for Economic Development; amend KRS 164.6021 to make conforming changes and add the purpose of the Kentucky enterprise fund is to attract, recruit, and support early-stage and high-growth companies to locate, relocate, or establish a presence in the Commonwealth; amend KRS 164.6023 to allow companies based outside of Kentucky to be eligible by becoming a Kentucky-based company within 180 days after certification authorizing funding; amend KRS 154.20-234 to allow a pass-through entity to qualify for participation in the Angel Investor Program; make conforming changes.

Bill Text

What changed in the latest version

369 added · 494 removed

369 line(s) added, 494 removed.

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UNOFFICIAL COPY 26 RS HB 577/GA AN ACT relating to economic development.
CHAPTER 114 1 CHAPTER 114 ( HB 577 ) AN ACT relating to economic development.
(7) "Program" means the Kentucky Entrepreneurship and Innovation Hub Program["Affiliate" means an ICC identified as the headquarters for program Page 1 of 17 HB057710.100 - 1044 - XXXX 2/18/2026 2:46 PM GA UNOFFICIAL COPY 26 RS HB 577/GA activity in a region or subregion;
(7) "Program" means the Kentucky Entrepreneurship and Innovation Hub Program["Affiliate" means an ICC identified as the headquarters for program activity in a region or subregion;
and (e) Attracting workforce talent, investors, and start-up companies to Kentucky.
and Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY (e) Attracting workforce talent, investors, and start-up companies to Kentucky.
(a) Identifying and linking entrepreneurs, faculty, subject-matter experts, scientists, venture capitalists, and other key individuals from the business sector, universities, community and technical colleges, local leaders, and government for the creation and expansion of knowledge-based, technology- Page 2 of 17 HB057710.100 - 1044 - XXXX 2/18/2026 2:46 PM GA UNOFFICIAL COPY 26 RS HB 577/GA intensive companies;
(a) Identifying and linking entrepreneurs, faculty, subject-matter experts, scientists, venture capitalists, and other key individuals from the business sector, universities, community and technical colleges, local leaders, and government for the creation and expansion of knowledge-based, technology-intensive companies;
Identifying those issues, opportunities, and challenges that have Page 3 of 17 HB057710.100 - 1044 - XXXX 2/18/2026 2:46 PM GA UNOFFICIAL COPY 26 RS HB 577/GA statewide implications;[.] (b) The hubs[regional affiliates] are responsible for fulfilling the duties as set forth in KRS 154.12-305 relating to the implementation of the region's innovation strategic plan and supporting the implementation of the Kentucky Innovation Act initiatives in the region or subregion;
Identifying those issues, opportunities, and challenges that have statewide implications;[.] (b) The hubs[regional affiliates] are responsible for fulfilling the duties as set forth in KRS 154.12-305 relating to the implementation of the region's innovation strategic plan and supporting the implementation of the Kentucky Innovation Act initiatives in the region or subregion;
(3) The executive director[ of the Office of Entrepreneurship and Innovation] shall have all the powers and authority, not explicitly prohibited by statute, necessary and convenient to carry out and effectuate the purposes of KRS 154.12-300 to 154.12- 310.
(3) The executive director[ of the Office of Entrepreneurship and Innovation] shall have all the powers and authority, not explicitly prohibited by statute, necessary and convenient to carry out and effectuate the purposes of KRS 154.12-300 to 154.12-310.
(3) "Closely related family members" means any of the following in relation to an Page 4 of 17 HB057710.100 - 1044 - XXXX 2/18/2026 2:46 PM GA UNOFFICIAL COPY 26 RS HB 577/GA employee or their spouse:
CHAPTER 114 3 (3) "Closely related family members" means any of the following in relation to an employee or their spouse:
(10)[(8)] "Knowledge-based" means technology-intensive or driven by knowledge, Page 5 of 17 HB057710.100 - 1044 - XXXX 2/18/2026 2:46 PM GA UNOFFICIAL COPY 26 RS HB 577/GA innovation, and speed;
(10)[(8)] "Knowledge-based" means technology-intensive or driven by knowledge, innovation, and speed;
Moneys received by the fund from a public or private source may be subject to use restrictions, sector or cluster limitations, investment criteria, or other conditions imposed by the contributing entity and are Page 6 of 17 HB057710.100 - 1044 - XXXX 2/18/2026 2:46 PM GA UNOFFICIAL COPY 26 RS HB 577/GA subject to approval by the cabinet, provided such conditions are consistent with the purposes of the fund.
Moneys received by the fund from a public or private source may be subject to use restrictions, sector or cluster limitations, investment criteria, or other conditions imposed by the contributing entity and are subject to approval by the cabinet, provided such conditions are consistent with the purposes of the fund.
(3) The Kentucky enterprise fund shall also receive moneys transferred from the Kentucky rural innovation fund under KRS 164.6027, the Kentucky commercialization fund under KRS 164.6035, and the Kentucky alternative fuel and renewable energy fund under KRS 154.20-410.
Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY (3) The Kentucky enterprise fund shall also receive moneys transferred from the Kentucky rural innovation fund under KRS 164.6027, the Kentucky commercialization fund under KRS 164.6035, and the Kentucky alternative fuel and renewable energy fund under KRS 154.20-410.
Page 7 of 17 HB057710.100 - 1044 - XXXX 2/18/2026 2:46 PM GA UNOFFICIAL COPY 26 RS HB 577/GA (e) Promote research and development and commercialization activities that are market-oriented;[ and] (f) Support early-stage and high-growth[small and medium-sized] companies;
(e) Promote research and development and commercialization activities that are market-oriented;[ and] (f) Support early-stage and high-growth[small and medium-sized] companies;
(5) For all funding totaling more than thirty thousand dollars ($30,000), the science and technology organization or any entity designated by the executive director of the Page 8 of 17 HB057710.100 - 1044 - XXXX 2/18/2026 2:46 PM GA UNOFFICIAL COPY 26 RS HB 577/GA Office of Entrepreneurship and Innovation shall receive an equity interest in the qualified company, such as a general or limited partnership interest, limited liability company interest, common or preferred stock with or without voting rights and without regard to seniority position, forms of subordinate or convertible unsecured debt, or both, with warrants, rights, or other means of equity conversion attached, a near equity interest such as a simple agreement for future equity or "SAFE agreement", or other convertible debt instruments that are determined to qualify as an adequate investment interest by the executive director of the Office of Entrepreneurship and Innovation.
(5) For all funding totaling more than thirty thousand dollars ($30,000), the science and technology organization or any entity designated by the executive director of the Office of Entrepreneurship and Innovation shall receive an equity interest in the qualified company, such as a general or limited partnership interest, limited liability company interest, common or preferred stock with or without voting rights and without regard to seniority position, forms of subordinate or convertible unsecured debt, or both, with warrants, rights, or other means of equity conversion attached, a near equity interest such as a simple agreement for future equity or "SAFE agreement", or other convertible debt instruments that are determined to qualify as an adequate investment interest by the executive director of the Office of Entrepreneurship and Innovation.
(1) The science and technology organization shall have the authority, upon approval by the cabinet, to review applications, qualify companies, and certify qualified companies to receive funding from the Kentucky enterprise fund.
CHAPTER 114 5 (1) The science and technology organization shall have the authority, upon approval by the cabinet, to review applications, qualify companies, and certify qualified companies to receive funding from the Kentucky enterprise fund.
Meets the definition of a Kentucky-based company, or has demonstrated potential to become a Kentucky-based company within Page 9 of 17 HB057710.100 - 1044 - XXXX 2/18/2026 2:46 PM GA UNOFFICIAL COPY 26 RS HB 577/GA one hundred eighty (180) days after certification authorizing funding under subsection (5) of this section, or within a timeframe determined by the executive director of the Office of Entrepreneurship and Innovation;
Meets the definition of a Kentucky-based company, or has demonstrated potential to become a Kentucky-based company within one hundred eighty (180) days after certification authorizing funding under subsection (5) of this section, or within a timeframe determined by the executive director of the Office of Entrepreneurship and Innovation;
(a) Negotiate an agreement and funding contract with a college or university in Page 10 of 17 HB057710.100 - 1044 - XXXX 2/18/2026 2:46 PM GA UNOFFICIAL COPY 26 RS HB 577/GA the Commonwealth, if any, and with a project partner, if any, that is satisfactory to the science and technology organization, to undertake the commercialization work;
(a) Negotiate an agreement and funding contract with a college or university in the Commonwealth, if any, and with a project partner, if any, that is satisfactory to the science and technology organization, to undertake the commercialization work;
(7) Prior to certifying a qualified company, the science and technology organization may negotiate with the qualified company the ownership and disposition of patents, royalties, all other intellectual property rights, and an equity, near equity such as a simple agreement for future equity or "SAFE agreement", convertible debt, or similar investment format that is approved by the executive director of the Office of Entrepreneurship and Innovation on behalf of the Kentucky enterprise fund for the sole purpose of reinvesting and sustaining a revolving fund to carry out the provisions of KRS 164.6021 and 164.6023.
(7) Prior to certifying a qualified company, the science and technology organization may negotiate with the qualified company the ownership and disposition of patents, royalties, all other intellectual property rights, and an equity, near equity such as a simple agreement for future equity or "SAFE agreement", convertible debt, or similar investment format that is approved by the executive director of the Office of Entrepreneurship and Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY Innovation on behalf of the Kentucky enterprise fund for the sole purpose of reinvesting and sustaining a revolving fund to carry out the provisions of KRS 164.6021 and 164.6023.
and (b) A deadline, from the date an applicant is determined to be a qualified Page 11 of 17 HB057710.100 - 1044 - XXXX 2/18/2026 2:46 PM GA UNOFFICIAL COPY 26 RS HB 577/GA company, by which certification shall be made.
and (b) A deadline, from the date an applicant is determined to be a qualified company, by which certification shall be made.
2 Is actively and principally engaged in a qualified activity within the Commonwealth, or will be actively and principally engaged in a qualified activity within the Commonwealth after the receipt of a qualified investment by a qualified investor;
Is actively and principally engaged in a qualified activity within the Commonwealth, or will be actively and principally engaged in a qualified activity within the Commonwealth after the receipt of a qualified investment by a qualified investor;
Page 12 of 17 HB057710.100 - 1044 - XXXX 2/18/2026 2:46 PM GA UNOFFICIAL COPY 26 RS HB 577/GA 2.
2.
1.
CHAPTER 114 7 1.
If made through a pass-through entity, the amount eligible for the tax Page 13 of 17 HB057710.100 - 1044 - XXXX 2/18/2026 2:46 PM GA UNOFFICIAL COPY 26 RS HB 577/GA credit shall be limited to that individual's pro rata share of the capital contributed to the entity that is ultimately invested in the qualified small business;
If made through a pass-through entity, the amount eligible for the tax credit shall be limited to that individual's pro rata share of the capital contributed to the entity that is ultimately invested in the qualified small business;
and 3.[2.]Be offered and executed in compliance with applicable state and federal securities laws and regulations;
and 3.[2.] Be offered and executed in compliance with applicable state and federal securities laws and regulations;
(4) "Applicant" means any person or entity who has not received approval from the Page 14 of 17 HB057710.100 - 1044 - XXXX 2/18/2026 2:46 PM GA UNOFFICIAL COPY 26 RS HB 577/GA authority as an investment fund manager, but who has submitted or will submit an application to the authority for approval as an investment fund manager;
(4) "Applicant" means any person or entity who has not received approval from the authority as an investment fund manager, but who has submitted or will submit an application to the authority for approval as an investment fund manager;
(13) "Investment fund" means any entity that is organized by an investment fund manager in compliance with applicable state and federal securities laws and regulations, and is approved by the authority to make qualified investments pursuant to KRS 154.20-256;
Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY (13) "Investment fund" means any entity that is organized by an investment fund manager in compliance with applicable state and federal securities laws and regulations, and is approved by the authority to make qualified investments pursuant to KRS 154.20-256;
(14) "Investment fund manager" means any person or entity that has been approved by Page 15 of 17 HB057710.100 - 1044 - XXXX 2/18/2026 2:46 PM GA UNOFFICIAL COPY 26 RS HB 577/GA the authority to manage one (1) or more investment funds authorized under the provisions of KRS 154.20-250 to 154.20-284 and is in compliance with all applicable federal and state regulations;
(14) "Investment fund manager" means any person or entity that has been approved by the authority to manage one (1) or more investment funds authorized under the provisions of KRS 154.20-250 to 154.20-284 and is in compliance with all applicable federal and state regulations;
Is a knowledge-based business, as shall be prescribed by the executive Page 16 of 17 HB057710.100 - 1044 - XXXX 2/18/2026 2:46 PM GA UNOFFICIAL COPY 26 RS HB 577/GA director of the Office of Entrepreneurship and Innovation[commissioner of the Department of Commercialization and Innovation], and has a net worth of ten million dollars ($10,000,000) or less;
Is a knowledge-based business, as shall be prescribed by the executive director of the Office of Entrepreneurship and Innovation[commissioner of the Department of Commercialization and Innovation], and has a net worth of ten million dollars ($10,000,000) or less;
Page 17 of 17 HB057710.100 - 1044 - XXXX 2/18/2026 2:46 PM GA
Signed by Governor April 13, 2026.
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How this bill changes current law

9 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill modifies several definitions and provisions related to economic development programs in Kentucky, specifically amending the Kentucky Entrepreneurship and Innovation Hub Program and related terms.

  • KRS 154.12-300

    Commissioner" means the commissioner of the Department of Commercialization → Commissioner" means the commissioner of the Department of Commercialization and Innovation established in KRS 154.12-278;

    The definition of 'Commissioner' is updated to reflect the complete name of the department.

  • KRS 154.12-300

    "ICC" means the Kentucky Innovation and Commercialization Center] → "ICC" means the Kentucky Innovation and Commercialization Center;

    A closing bracket was added to the definition of 'ICC' for proper syntax.

  • KRS 154.12-305

    Kentucky Innovation and Commercialization Center Program] within the Office of Entrepreneurship and Innovation → Kentucky Entrepreneurship and Innovation Hub Program within the Office of Entrepreneurship and Innovation;

    The name of the program is changed from the Kentucky Innovation and Commercialization Center Program to the Kentucky Entrepreneurship and Innovation Hub Program.

  • KRS 154.12-305

    technology-based firms] in Kentucky; → knowledge-based, technology-intensive companies in Kentucky;

    The language used to describe companies aimed at receiving support is broadened from 'technology-based firms' to 'knowledge-based, technology-intensive companies.'

  • KRS 154.12-310

    Kentucky Innovation and Commercialization Centers] → Kentucky Innovation and Commercialization Centers;

    This maintains the term while possibly correcting or updating formatting.

  • KRS 164.6011

    company[business] → company;

    The terminology for 'company' is standardized by removing 'business' from the definition.

  • KRS 164.6011

    funding voucher or award pending certification; → funding voucher or award pending certification;

    Clarification in the definition of 'qualified company' by maintaining consistent punctuation.

  • KRS 164.6019

    ["Kentucky enterprise fund["] → ["Kentucky enterprise fund"]

    Corrects the formatting of the term 'Kentucky enterprise fund.'

  • KRS 164.6019

    high-growth[small or medium-size], Kentucky-based companies → high-growth, Kentucky-based companies

    Clarifies the types of companies the Kentucky enterprise fund is designed to assist.

Action History

  1. signed by Governor (Acts Ch. 114)

  2. delivered to Governor

  3. enrolled, signed by President of the Senate

  4. enrolled, signed by Speaker of the House

  5. received in House

  6. 3rd reading, passed 37-0

  7. posted for passage in the Regular Orders of the Day for Tuesday, March 31 2026

  8. 2nd reading, to Rules

  9. reported favorably, 1st reading, to Calendar

  10. to Economic Development, Tourism, & Labor (S)

  11. to Committee on Committees (S)

  12. received in Senate

  13. 3rd reading, passed 98-0

  14. posted for passage in the Regular Orders of the Day for Wednesday, February 18 2026

  15. 2nd reading, to Rules

  16. reported favorably, 1st reading, to Calendar

  17. to Economic Development & Workforce Investment (H)

  18. to Committee on Committees (H)

  19. introduced in House

Sponsors

Sponsorship breakdown

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3 sponsors · 0 co-sponsors · 135 not signed on

Sponsors (3)

Co-sponsors (0)

None.

Not signed on (135)

135 members have not signed on to this bill.

Show all 135 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

PASS HB 577

Passed 37 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Republican 33000
Democrat 4001
Total 37001
% of votes cast 97%0%0%3%
How each member voted (38)
Member Party Vote
Cassie Chambers Armstrong Democrat Yea
Gary Clemons Democrat Yea
Gerald A. Neal Democrat Yea
Karen Berg Democrat Not Voting
Keturah J. Herron Democrat Yea
Aaron Reed Republican Yea
Amanda Mays Bledsoe Republican Yea
Brandon J. Storm Republican Yea
Christian McDaniel Republican Yea
Craig Richardson Republican Yea
Danny Carroll Republican Yea
David P. Givens Republican Yea
Donald Douglas Republican Yea
Gary Boswell Republican Yea
Greg Elkins Republican Yea
Jared Carpenter Republican Yea
Jason Howell Republican Yea
Jason Nemes Republican Yea
Jimmy Higdon Republican Yea
Julie Raque Adams Republican Yea
Lindsey Tichenor Republican Yea
Matt Nunn Republican Yea
Matthew Deneen Republican Yea
Max Wise Republican Yea
Michael Meredith Republican Yea
Nick Wilson Republican Yea
Phillip Wheeler Republican Yea
Rick Girdler Republican Yea
Robby Mills Republican Yea
Robert Stivers Republican Yea
Robin L. Webb Republican Yea
Scott Madon Republican Yea
Shelley Funke Frommeyer Republican Yea
Stephen West Republican Yea
Steve Rawlings Republican Yea
Tom Smith Republican Yea
Wade Williams Republican Yea
Walker Thomas Republican Yea

Official roll call →

Pass

Passed 98 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Democrat 18002
Republican 79000
Unaffiliated 1000
Total 98002
% of votes cast 98%0%0%2%
How each member voted (100)
Member Party Vote
Lewis C — Yea
Adam Moore Democrat Yea
Adrielle Camuel Democrat Yea
Al Gentry Democrat Yea
Anne Gay Donworth Democrat Yea
Ashley Tackett Laferty Democrat Yea
Beverly Chester-Burton Democrat Yea
Chad Aull Democrat Yea
Daniel Grossberg Democrat Yea
Erika Hancock Democrat Yea
George Brown Jr. Democrat Yea
Joshua Watkins Democrat Yea
Lindsey Burke Democrat Yea
Lisa Willner Democrat Yea
Mary Lou Marzian Democrat Yea
Matthew Lehman Democrat Not Voting
Nima Kulkarni Democrat Yea
Pamela Stevenson Democrat Not Voting
Rachel Roarx Democrat Yea
Sarah Stalker Democrat Yea
Tina Bojanowski Democrat Yea
Aaron Thompson Republican Yea
Adam Bowling Republican Yea
Amy Neighbors Republican Yea
Bill Wesley Republican Yea
Bobby McCool Republican Yea
Candy Massaroni Republican Yea
Chris Freeland Republican Yea
Chris Fugate Republican Yea
DJ Johnson Republican Yea
Daniel Elliott Republican Yea
Daniel Fister Republican Yea
David Hale Republican Yea
David Meade Republican Yea
David W. Osborne Republican Yea
Deanna Gordon Republican Yea
Derek Lewis Republican Yea
Emily Callaway Republican Yea
Felicia Rabourn Republican Yea
J.T. Payne Republican Yea
James Tipton Republican Yea
Jared Bauman Republican Yea
Jason Nemes Republican Yea
Jason Petrie Republican Yea
Jennifer Decker Republican Yea
Jim Gooch Jr. Republican Yea
John Blanton Republican Yea
John Hodgson Republican Yea
Josh Branscum Republican Yea
Josh Bray Republican Yea
Josh Calloway Republican Yea
Ken Fleming Republican Yea
Ken Upchurch Republican Yea
Kevin Jackson Republican Yea
Kim Banta Republican Yea
Kim Holloway Republican Yea
Kim King Republican Yea
Kimberly Poore Moser Republican Yea
Marianne Proctor Republican Yea
Mark Hart Republican Yea
Mary Beth Imes Republican Yea
Matt Lockett Republican Yea
Matthew Koch Republican Yea
Michael Meredith Republican Yea
Michael Sarge Pollock Republican Yea
Mike Clines Republican Yea
Mitch Whitaker Republican Yea
Myron Dossett Republican Yea
Nancy Tate Republican Yea
Nick Wilson Republican Yea
Patrick Flannery Republican Yea
Peyton Griffee Republican Yea
Randy Bridges Republican Yea
Rebecca Raymer Republican Yea
Richard White Republican Yea
Robert Duvall Republican Yea
Ryan Bivens Republican Yea
Ryan Dotson Republican Yea
Samara Heavrin Republican Yea
Savannah Maddox Republican Yea
Scott Lewis Republican Yea
Scott Sharp Republican Yea
Shane Baker Republican Yea
Shawn McPherson Republican Yea
Stephanie Dietz Republican Yea
Steve Bratcher Republican Yea
Steve Riley Republican Yea
Steven Doan Republican Yea
Steven Rudy Republican Yea
Susan Witten Republican Yea
Suzanne Miles Republican Yea
T.J. Roberts Republican Yea
Thomas Huff Republican Yea
Timmy Truett Republican Yea
Tom Smith Republican Yea
Tony Hampton Republican Yea
Vanessa Grossl Republican Yea
Wade Williams Republican Yea
Walker Thomas Republican Yea
William Lawrence Republican Yea

Official roll call →

Subjects

finance labor technology
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Frequently asked questions

What does HB 577 do?
Amend KRS 154.12-300, 154.12-305, and 154.12-300 to change the Kentucky Innovation and Commercialization Center program to the Kentucky Entrepreneurship and Innovation Hub Program; amend KRS 154.12-300 to define terms; amend KRS 154.12-305 to add goals of supporting entrepreneur-led economic development and attracting workforce talent, investors, and start-up companies to the program; amend KRS 154.12-310 to make conforming changes; amend KRS 164.6011 to include definitions of "early-stage company" and "high-growth company" in the Kentucky Innovation Act; amend KRS 164.6019 to provide that moneys received in the Kentucky enterprise fund may be subject to restrictions imposed by the contributing entity and subject to approval by the Cabinet for Economic Development; amend KRS 164.6021 to make conforming changes and add the purpose of the Kentucky enterprise fund is to attract, recruit, and support early-stage and high-growth companies to locate, relocate, or establish a presence in the Commonwealth; amend KRS 164.6023 to allow companies based outside of Kentucky to be eligible by becoming a Kentucky-based company within 180 days after certification authorizing funding; amend KRS 154.20-234 to allow a pass-through entity to qualify for participation in the Angel Investor Program; make conforming changes.
Who sponsors HB 577?
HB 577 is sponsored by Vanessa Grossl (Republican), George Brown Jr. (Democrat), and Josh Branscum (Republican).
What is the current status of HB 577?
This bill has been enacted into law. Introduced February 06, 2026. Enacted.
Where can I track HB 577?
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