Summary of Original Version

Create a new section of KRS Chapter 246 to create a new agricultural economic development program within the Department of Agriculture; establish the agricultural economic development board; create the agricultural economic development fund; EMERGENCY.

Summary of Amendment: Senate Committee Substitute 1

Summary Retain original provisions except allow a low-interest loan as an incentive; require additional information in the annual report prepared by the board; require the memorandum of agreement to establish the type of incentive awarded; prohibit disclosure of records relating to applications for incentives that are denied; amend KRS 154.12-213 to require the Cabinet for Economic Development to coordinate with and seek guidance from the Commissioner of Agriculture; amend KRS 248.709 to authorize the Agricultural Development Board to participate in making or purchasing insured mortgage or other types of loans to qualified applicants related to the incentive awards.

Summary of Amendment: House Committee Substitute 1

Summary Retain original provisions, except increase the number of members on the board from five to six members; require the Commissioner of Agriculture to select members from lists provided by the Kentucky Association for Economic Development, the Kentucky Agricultural Finance Corporation, and the Agricultural Development Board; decrease the term from four to two years; attach the board to the Kentucky Office of Agricultural Policy for administrative purposes; amend KRS 246.030 to abolish the Department of Agriculture's Shows and Fairs Division, and establish the Farm Safety and Rural Health Division and the Division of Agricultural Economic Development; amend KRS 247.220 to conform; make technical changes.

Summary of Amendment: House Floor Amendment 1 -- D. Osborne

Summary Amend KRS 12.020 to move the Kentucky Communications Network from the Office of the Governor to the Deparment of Agriculture; amend KRS 12.023, 154.15-020, and 154.15-030 to conform.

Summary of Amendment: House Floor Amendment 2 -- D. Osborne

Summary Make title amendment.

Statutes affected:
Senate Committee Substitute 1: 248.709
House Committee Substitute 1: 248.709, 246.030, 247.220
Current: 248.709