Section 154.20-415 - Kentucky Alternative Fuel and Renewable Energy Fund Program - Purpose(1) There is created in the cabinet a Kentucky Alternative Fuel and Renewable Energy Fund Program to provide funding to Kentucky-based companies to undertake research and development and commercialization work in the area of alternative fuels and renewable energy.(2) The purpose of the program is to:(a) Accelerate knowledge transfer and technological innovation, improve economic competitiveness, and spur economic growth of Kentucky-based companies involved in the areas of alternative fuels or renewable energy;(b) Support research and development activities that have clear potential to lead to commercially successful products, processes, or services in the areas of alternative fuels or renewable energy within a reasonable period of time;(c) Stimulate growth-oriented alternative fuels and renewable energy enterprises within the Commonwealth;(d) Encourage partnerships and collaborative projects between private enterprises, Kentucky's public and private colleges and universities, and research organizations in alternative fuels and renewable energy; and(e) Promote research and development and commercialization activities in alternative fuels and renewable energy that are market-oriented.Amended by 2013 Ky. Acts ch. 116,§ 7, eff. 6/24/2013.Effective:8/30/2007
Created 2007, (2d Extra. Sess.) Ky. Acts ch. 1, sec. 48, effective8/30/2007.