Ky. Rev. Stat. § 154.12-340

Current through 2024 Ky. Acts ch. 225
Section 154.12-340 - Financial assistance program for nuclear energy-related projects - Cabinet to verify and process financial assistance requests - Administrative regulations
(1) The Cabinet for Economic Development shall create and implement a financial assistance program for the development and location of nuclear energy-related projects to support the entire nuclear energy ecosystem in the Commonwealth, including utility and private sector economic development activities. The nuclear energy ecosystem includes but is not limited to:
(a) The nuclear fuel cycle, which includes fuel conversion, enrichment, and fabrication, as well as potential future spent fuel recycling and reprocessing;
(b) Reactor design and component manufacturing;
(c) Component supply chain manufacturing and distribution;
(d) Facility siting and development;
(e) Radioisotope production;
(f) Facility operation and maintenance;
(g) Decommissioning waste storage, transport, and management; and
(h) End uses of nuclear energy and co-products.
(2) The cabinet, in consultation with the Kentucky Nuclear Energy Development Authority established in KRS 164.2802, shall verify and process eligible financial assistance requests for nuclear energy-related projects under the grant program, similar to the application, approval, and oversight process for the economic development fund program outlined in KRS 154.12-100. The authority shall promulgate administrative regulations in accordance with KRS Chapter 13A to effectuate this section.

KRS 154.12-340

Effective: 7/15/2024
Created 2024 Ky. Acts ch. 169, sec. 3, effective 7/15/2024.