Bill
Bill > HB723
KY HB723
KY HB723AN ACT relating to economic relief for local communities of the Commonwealth and declaring an emergency.
summary
Introduced
02/26/2024
02/26/2024
In Committee
04/12/2024
04/12/2024
Crossed Over
03/15/2024
03/15/2024
Passed
03/28/2024
03/28/2024
Dead
Vetoed
04/09/2024
04/09/2024
Veto Overridden
04/12/2024
04/12/2024
Signed/Enacted/Adopted
04/12/2024
04/12/2024
Introduced Session
2024 Regular Session
Bill Summary
Amends KRS 147A.154 and 147A.158 to sunset the existing Government Resources Accelerating Needed Transformation (GRANT) Program as established in the Department for Local Government and to transfer the moneys in the existing fund to the Cabinet for Economic Development to be used in the GRANT Program of 2024; creates subchapter 14 within KRS Chapter 154 to establish the GRANT Program of 2024 under the cabinet, to define terms, to establish the duties of the cabinet in the implementation of the program subject to the approval of the GRANT commission, to establish a sunset provision of December 31, 2026, to establish requirements for grant applications, to establish project evaluation and scoring requirements, to create a fund for the program, to establish program reporting requirements, to establish the GRANT commission, and to establish membership and meeting provisions; and amends KRS 12.020 to conform; EMERGENCY.
AI Summary
This bill establishes the Government Resources Accelerating Needed Transformation (GRANT) Program of 2024 under the Cabinet for Economic Development. The program is intended to provide matching funds to communities in Kentucky to help them secure federal grants from the U.S. Department of Housing and Urban Development, the Delta Regional Authority, or the Interagency Working Group on Coal and Power Plant Communities and Economic Revitalization. The bill sets up application and evaluation processes, a commission to oversee the program, and a dedicated fund to provide the matching grants. It also sunsets the existing GRANT program under the Department for Local Government.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (3)
Last Action
delivered to Secretary of State (Acts Ch. 188) (on 04/12/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://apps.legislature.ky.gov/record/24RS/hb723.html |
| BillText | https://apps.legislature.ky.gov/law/acts/24RS/documents/0188.pdf |
| Senate Committee Substitute 1 | https://apps.legislature.ky.gov/recorddocuments/bill/24RS/HB723/SCS1.pdf |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/24RS/hb723/bill.pdf |
| Vote History for HB723 | https://apps.legislature.ky.gov/record/24RS/hb723/vote_history.pdf |
| House Committee Substitute 1 | https://apps.legislature.ky.gov/recorddocuments/bill/24RS/HB723/HCS1.pdf |
| Fiscal Note for HB723 | https://apps.legislature.ky.gov/recorddocuments/note/24RS/hb723/FN.pdf |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/24RS/hb723/orig_bill.pdf |
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