Kentucky House Bill 524

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on February 13 2024 - 25% progression, died in committee
Action: 2024-02-21 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]

Create new sections of Subchapter 20 of KRS Chapter 154 to establish the Kentucky Rural Jobs Act of 2024; allow the Cabinet for Economic Development to begin accepting applications from entities seeking approval as a growth fund; allow no more than $50 million of grants to be awarded as state matching capital for investments in growth businesses; establish the rural jobs development fund; appropriate $50 million in fiscal year 2024-2025 to the Rural Jobs Development Fund; provide that the Act may be cited as the Kentucky Rural Jobs Act of 2024; APPROPRIATION; EMERGENCY.

AN ACT relating to the establishment of a grant program to promote investments in Kentucky businesses, making an appropriation therefor, and declaring an emergency.

Rep. John Blanton [R]

Rep. Tom Smith [R]

Date	Chamber	Action
2024-02-21	House	to Appropriations & Revenue (H)
2024-02-13	House	to Committee on Committees (H)
2024-02-13	House	introduced in House

Type	Source
Summary	https://apps.legislature.ky.gov/record/24RS/hb524.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/24RS/hb524/orig_bill.pdf
Supplement	https://apps.legislature.ky.gov/recorddocuments/note/24RS/hb524/FN.pdf