Summary of Original Version

Amend KRS 292.330 to establish registration exemptions for investment advisers; create a new section of KRS Chapter 292 to establish a registration exemption for private fund advisers; establish requirements for the exemption; direct where filings shall be made; require investment advisers to comply with registration requirements within 90 days of becoming ineligible for exemption; permit the commissioner of the Department of Financial Institutions to waive certain provisions.

Summary of Amendment: Senate Committee Substitute 1

Summary Retain original provisions, except restore existing law relating to exemption of investment advisers with no place of business in this state.

Summary of Amendment: House Floor Amendment 1 -- S. Rudy

Summary Delete exemption for investment advisers that do not have more than five clients in this state.

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

Summary Delete original provisions; create new sections of KRS Chapter 147A to enable the Department for Local Government to enter a partnership with the Kentucky Council of Area Development Districts to create and administer the Government Resources Accelerating Needed Transformation Program; define terms; require the Department for Local Government in partnership with the Kentucky Council of Area Development Districts to create and administer the program; establish the duties of the Department for Local Government and the Kentucky Council of Area Development Districts in the implementation of the program; establish a sunset provision of December 31, 2026; establish requirements for grant applications; create a fund for the program; establish project evaluation and scoring requirements; establish program reporting requirements; cite as the Government Resources Accelerating NeededTransformation Act; APPROPRIATION.

Summary of Amendment: House Floor Amendment 3 -- S. Rudy

Summary Create new sections of KRS Chapter 147A to enable the Department for Local Government to enter a partnership with the Kentucky Council of Area Development Districts to create and administer the Government Resources Accelerating Needed Transformation Program; define terms; require the Department for Local Government in partnership with the Kentucky Council of Area Development Districts to create and administer the program; establish the duties of the Department for Local Government and the Kentucky Council of Area Development Districts in the implementation of the program; establish a sunset provision of December 31, 2026; establish requirements for grant applications; create a fund for the program; establish project evaluation and scoring requirements; establish program reporting requirements; cite as the Government Resources Accelerating Needed Transformation Act; APPROPRIATION.

Summary of Amendment: House Floor Amendment 4 -- S. Rudy

Summary Make title amendment.

Statutes affected:
Introduced: 292.330
Senate Committee Substitute 1: 292.330
Current/Final: 292.330
Current: 292.330