summary
Introduced
01/09/2026
01/09/2026
In Committee
01/16/2026
01/16/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Create a new section of Subchapter 12 of KRS Chapter 154 to create the Veteran Entrepreneur Program to be administered by the Office of Entrepreneurship; establish requirements and program details; amend KRS 154.12-277 and 154.12-278 to include the Veteran Entrepreneur Program; and amend KRS 154.12-330 to give preference to veterans in the issuance of small business loans.
AI Summary
This bill establishes a new Veteran Entrepreneur Program within the Office of Entrepreneurship and Innovation to assist veterans who start or own small businesses. The program will focus on outreach to inform veterans about available benefits, assess their needs, research and collaborate with agencies offering services, evaluate the program's effectiveness, and connect veterans with business opportunities. The bill also amends existing laws to include the Veteran Entrepreneur Program within the responsibilities of the Office of Entrepreneurship and Innovation and to give preference to veteran-owned businesses and those employing veterans in the issuance of small business loans, with the Kentucky Economic Development Finance Authority (KEDFA) directed to make reasonable efforts to allocate at least 7% of loan program funds annually to qualified Kentucky-based veteran entrepreneurs.
Committee Categories
Military Affairs and Security
Sponsors (3)
Last Action
to Veterans, Military Affairs, & Public Protection (H) (on 01/16/2026)
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/26RS/hb286.html |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/26RS/hb286/orig_bill.pdf |
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