Summary of Original Version

Amend KRS 45.812 to require an agency, corporation, or school district that is authorized to issue a general obligation bond by an appropriation of the General Assembly, or by or on behalf of any Kentucky school district, to report the costs associated with the issuance of the bond to the Capital Projects and Bond Oversight Committee and the Interim Joint Committee on Appropriations and Revenue.

Summary of Amendment: Senate Committee Substitute 1

Summary Retain original provisions; amend 2024 Ky. Acts ch. 173, sec. 1 and the State/Executive Branch biennial budget to revise and provide funding for various programs and projects and establish conditions for state government agencies, institutions, and programs receiving funding; APPROPRIATION; EMERGENCY.

Summary of Amendment: Senate Committee Amendment 1 -- C. McDaniel

Summary Make title amendment.

Summary of Amendment: Conference Committee Report 1

Summary Cannot agree.

Summary of Amendment: Free Conference Committee Report 1

Summary Delete original provisions; create a new section of KRS Chapter 65 to define terms; allow two or more local governments to enter into an interlocal agreement to develop real estate as part of a regional economic development project; establish requirements for a regional economic development project; allow the territory used in the regional economic development project to be organized into a taxing district; establish requirements for the taxing district; allow the district to levy a special ad valorem tax; establish requirements for the special ad valorem tax; allow local governments to impose an occupational license fee on businesses, trades, and professions performed, rendered, or conducted within a regional industrial taxing district; establish requirements for the occupational license fee; require the establishment of a board to manage the affairs of the taxing district; require reporting by the board overseeing the taxing district and the Department for Local Government; amend 2025 RS HB 775/EN to include public property owned, operated, or controlled by the Commonwealth in the definition of "venue" for purposes of a sales tax incentive; amend title.

Statutes affected:
Introduced: 45.812
Senate Committee Substitute 1: 45.812
Current: 45.812