Summary of Original Version

Create new sections of KRS Chapter 154.12 to establish the Kentucky Talent Recruitment Grant Program under the Cabinet for Economic Development; define terms; establish the duties of the cabinet in implementation of the program subject to approval of the Kentucky Economic Development Finance Authority; establish eligible grant applicants' duties and program reporting requirements; establish the Kentucky Talent Recruitment Grant Program fund; APPROPRIATION; EMERGENCY.

Summary of Amendment: House Committee Substitute 1

Summary Retain original provisions, except delete the appropriation and the emergency clause.

Summary of Amendment: House Committee Amendment 1

Summary Make title amendment.

Summary of Amendment: House Floor Amendment 1 -- R. Duvall

Summary Retain original provisions; delete disbursement provision of 50% upon execution of grant agreement and 50% upon household goal being met; amend the grant application provisions and the reporting requirements for eligible grant applicants.

Summary of Amendment: House Floor Amendment 2 -- S. Rudy

Summary Retain original provisions; delete disbursement provision of 50% upon execution of grant agreement and 50% upon household goal being met; amend the grant application provisions and the reporting requirements for eligible grant applicants.

Summary of Amendment: Senate Committee Substitute 1

Summary Retain original provisions, except add the definition of "retention goal"; add a 50% disbursement provision for eligible projects that plan to relocate employees or households outside of Kentucky or to retain Kentucky students upon execution of the grant agreement, with the remaining 50% being disbursed upon achieving applicable household or retention goals; add a provision for the Cabinet for Economic Development to use up to 5% of the fund for administration of the program.