Section 154.14-NEW - [Newly enacted section not yet numbered]

Current through Acts Received April 24, 2024

As used in this subchapter:

(1) "Cabinet" means the Cabinet for Economic Development;

(2) "Commission" means the GRANT Commission established in Section 8 of this Act;

(3) "County population ranking" means the score of each county determined by the cabinet under subsection (7) of Section 5 of this Act;

(4) "Eligible grant recipient" means a grant applicant that is a county or city governing body or nonprofit charitable organization organized under 26 U.S.C. sec. 501(c)(3) and engaged in public benefit improvements;

(5) "Eligible project" means a project that:

(a) Benefits the public or substantially benefits the public and satisfies the evaluation criteria in Section 5 of this Act and that is initiated on:

1. Publicly owned property;

2. Property to be acquired, which comes with either a:

a. Legally binding letter of intent or option for the sale to an eligible grant recipient; or

b. Legally binding sale agreement for the sale to an eligible grant recipient; or

3. Private property on which a project is located that is in the public interest and for a public purpose and that benefits an eligible community; and

(b) Requires local matching funds based on the county population ranking as provided in Section 5 of this Act;

(6) "Eligible use" means the authorized purpose for which an awarded grant may be used depending on the source of funds from the Commonwealth;

(7) "Interagency Working Group" means the Interagency Working Group on Coal and Power Plant Communities and Economic Revitalization established by Presidential Executive Order 14008, issued on January 27, 2021;

(8) "Population density":

(a) Means the number of persons per square mile of a county;

(b) Is calculated by dividing the total county population by the square miles in the county;

(c) Is determined by using the population estimate from the most recent available five (5) year American Community Survey as published by the United States Census Bureau; and

(d) Is used to rank each county in descending order, with the county having the largest population density receiving a rank of one (1) and the county with the smallest population density receiving a rank of one hundred twenty (120);

(9) "Regional project" means an eligible project that is proposed by eligible grant recipients residing or having a primary business address in different counties in this Commonwealth who submit a single grant application; and

(10) "Ten (10) year percentage change in population":

(a) Means the percentage change in population within a county;

(b) Is determined by comparing the population estimate from the most recent available five (5) year American Community Survey as published by the United States Census Bureau to the same survey ten (10) years prior to the most recent available survey; and

(c) Is used to rank each county in descending order, with the county having the largest positive percentage change in population receiving a rank of one (1) and the county with the largest negative percentage change receiving a rank of one hundred twenty (120).

Added by 2024 Ky. Acts ch. TBD,§ 2, eff. 4/12/2024.