AN ACT relating to the establishment of a grant program to promote investments in Kentucky businesses, making an appropriation therefor, and declaring an emergency.
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2024
Committee Review
Floor Vote
Governor
Introduced Feb 13, 2024
Last action Feb 21, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
2
Feb 21, 2024
Committee
to Appropriations & Revenue (H)
lower
Feb 13, 2024
Committee
to Committee on Committees (H)
lower
Feb 13, 2024
Introduced
introduced in House
lower
2 primary · 0 co-sponsors
Sponsors
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