Summary of Original Version

Amend KRS 141.018 to update statutory language.

Summary of Amendment: House Committee Substitute 1

Summary Create a new section of KRS Chapter 278 to allow a distribution cooperative to facilitate the operation of an affiliate engaged exclusively in the provision of broadband service to unserved or underserved households and business; APPROPRIATION.

Summary of Amendment: House Committee Amendment 1 -- B. Reed

Summary Make title amendment.

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

Summary Retain original provisions; amend the appropriation amount to $250 million.

Summary of Amendment: Senate Committee Substitute 1

Summary Create a new section of KRS Chapter 278 to allow a distribution cooperative to facilitate the operation of an affiliate engaged exclusively in the provision of broadband service to unserved or underserved households and business; amend KRS 278.5462 to require a broadband service provider to ensure adequate broadband services in a manner to prevent any outage that is more than intermittent in nature; APPROPRIATION.

Summary of Amendment: Senate Floor Amendment 1 -- G. Neal

Summary Make title amendment.

Summary of Amendment: Senate Floor Amendment 2 -- G. Neal

Summary Retain original provisions; create a new a section in KRS Chapter 65 to define terms and require a minimum investment be pledged from private sector investors, consolidated local government, and the Commonwealth; and require incremental tax revenues be pledged to the West End Opportunity Partnership from a consolidated local government and the Commonwealth; effective only if 2021 Regular Session Senate Bill 100 becomes law; APPROPRIATION.

Summary of Amendment: Senate Floor Amendment 3 -- G. Neal

Summary Retain original provisions; create new sections of KRS Chapter 136 to establish the growth fund tax credit; amend KRS 131.190 to allow reporting of the tax credit to the Interim Joint Committee on Appropriations and Revenue; establish Subchapter 21 of KRS Chapter 154 and create new sections thereof to establish an application and approval process for investment in growth businesses by a growth fund and verification related to the new tax credit; and provide that Sections 5 to 11 of this Act may be cited as the Kentucky Rural Jobs Act of 2021.

Statutes affected:
Introduced: 141.018
Acts Chapter 171: 278.5462
Senate Committee Substitute 1: 278.5462