HB 313 — AN ACT relating to economic development.

UNOFFICIALCHAPTER COPY12 231 RSCHAPTER 12 ( HB 313/EN313 ) AN ACT relating to economic development.

Page 1 of 11 HB031320.100 - 1000 - XXXX 3/15/2023 8:30 PM Engrossed UNOFFICIAL COPY 23 RS HB 313/EN a.

(3) If a member appointed under subsection (1) of this section is unable or unwilling to serve on the board, the board may substitute an appointed member by majority vote to serve on the board for the remainder of the Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY appointee's term.

(4) After expiration of the term limits provided in subsections (1) and (2) of this section, the board shall self-perpetuate.self- perpetuate.

Page 2 of 11 HB031320.100 - 1000 - XXXX 3/15/2023 8:30 PM Engrossed UNOFFICIAL COPY 23 RS HB 313/EN (5)[(4)] The head of economic development for the consolidated local government, or his or her designee, and the secretary of the Cabinet for Economic Development, or his or her designee, shall be nonvoting, ex officio members of the West End Opportunity Partnership;

(12)[(11)] As a prerequisite to service, each appointee to the board and each member of the West End Louisville Advisory Council established in KRS 65.506 shall Page 3 of 11 HB031320.100 - 1000 - XXXX 3/15/2023 8:30 PM Engrossed UNOFFICIAL COPY 23 RS HB 313/EN participate in a board-sanctioned training program on the topics of community and economic development, finance, equity and community engagement, gentrification, and the implications of these concepts.

and CHAPTER 12 3 (c) Payment of debt charges of the bond.

The report shall Page 4 of 11 HB031320.100 - 1000 - XXXX 3/15/2023 8:30 PM Engrossed UNOFFICIAL COPY 23 RS HB 313/EN contain the following information:

Page 5 of 11 HB031320.100 - 1000 - XXXX 3/15/2023 8:30 PM Engrossed UNOFFICIAL COPY 23 RS HB 313/EN (2) "Eligible grant recipient" means a grant applicant that is a local government or an economic development authority in an economic development district in this Commonwealth that is engaged in an eligible project;

Sale agreement for the sale to an eligible grant recipient[on property with a letter of intent or sale agreement for the sale to an eligible grant recipient with available matching funds for the project on a dollar-for-dollar-for-dollar dollar basis and that satisfies the evaluation criteria in KRS 154.21-035];

and Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY (5) "Regional project" means an eligible project that is proposed by eligible grant recipients residing in different counties in this Commonwealth who submit a single grant application as co-applicants.

Page 6 of 11 HB031320.100 - 1000 - XXXX 3/15/2023 8:30 PM Engrossed UNOFFICIAL COPY 23 RS HB 313/EN Section 4.

(3) (a) Prior to the first round of grant awards, the cabinet shall allocate a percentage Page 7 of 11 HB031320.100 - 1000 - XXXX 3/15/2023 8:30 PM Engrossed UNOFFICIAL COPY 23 RS HB 313/EN of the total funds appropriated to this program by the General Assembly to each county in the Commonwealth.

Page 8 of 11 HB031320.100 - 1000 - XXXX 3/15/2023 8:30 PM Engrossed UNOFFICIAL COPY 23 RS HB 313/EN (4) For selected eligible grant recipients that are involved in a regional project, the cabinet may pool the potential allocation of funds available for each county represented by the eligible grant recipients for the grant amount awarded.

CHAPTER 12 5 Section 5.

Property shall be deemed available for the purposes of this program if the Page 9 of 11 HB031320.100 - 1000 - XXXX 3/15/2023 8:30 PM Engrossed UNOFFICIAL COPY 23 RS HB 313/EN property is:

(5) The property that the eligible project occupies or is proposed to occupy shall be appropriately zoned for the intended use or shall be able to be rezoned within ninety Page 10 of 11 HB031320.100 - 1000 - XXXX 3/15/2023 8:30 PM Engrossed UNOFFICIAL COPY 23 RS HB 313/EN (90) calendar days.

or Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY (b) If the rail service does not exist at the time of the grant application, the grant applicant provides documentation from the rail provider that evinces that the project site will be able to be rail-served within twelve (12) months.

PageSigned 11by ofGovernor 11March HB031320.10017, -2023. 1000 - XXXX 3/15/2023 8:30 PM Engrossed