Kentucky Statutes 148.8591 – Annual report of tourism development project applications, approvals, and funding
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(1) By November 1 of each year, the authority shall prepare an annual report. The report shall be posted to the Tourism, Arts and Heritage Cabinet’s Web site.
(2) The report shall include information for all projects approved after June 26, 2009. (3) The report shall include the following information:
(a) For each approved project:
1. The name of the approved company and a brief description of the project;
2. The amount of approved costs included in the agreement;
3. The maximum amount of incentives the approved company may recover over the term of the agreement;
4. The term of the agreement; and
5. The total amount recovered under the agreement, reported for both the prior fiscal year and cumulatively;
(b) The number of applications for projects submitted during the prior fiscal year; (c) The number of projects finally approved during the prior fiscal year; and
(d) The total dollar amount approved for recovery for all projects approved during the prior fiscal year, and cumulatively under the Tourism Development Act since its inception, by year of approval.
(4) The information required to be reported under this section shall not be considered confidential taxpayer information and shall not be subject to KRS Chapter 131 or any other provision of the Kentucky Revised Statutes prohibiting disclosure or reporting of information.
Effective: July 14, 2018
History: Amended 2018 Ky. Acts ch. 199, sec. 7, effective July 14, 2018. — Amended
2014 Ky. Acts ch. 134, sec. 3, effective July 15, 2014. — Created 2009 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 41, effective June 26, 2009.
(2) The report shall include information for all projects approved after June 26, 2009. (3) The report shall include the following information:
Terms Used In Kentucky Statutes 148.8591
- Company: may extend and be applied to any corporation, company, person, partnership, joint stock company, or association. See Kentucky Statutes 446.010
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Year: means calendar year. See Kentucky Statutes 446.010
(a) For each approved project:
1. The name of the approved company and a brief description of the project;
2. The amount of approved costs included in the agreement;
3. The maximum amount of incentives the approved company may recover over the term of the agreement;
4. The term of the agreement; and
5. The total amount recovered under the agreement, reported for both the prior fiscal year and cumulatively;
(b) The number of applications for projects submitted during the prior fiscal year; (c) The number of projects finally approved during the prior fiscal year; and
(d) The total dollar amount approved for recovery for all projects approved during the prior fiscal year, and cumulatively under the Tourism Development Act since its inception, by year of approval.
(4) The information required to be reported under this section shall not be considered confidential taxpayer information and shall not be subject to KRS Chapter 131 or any other provision of the Kentucky Revised Statutes prohibiting disclosure or reporting of information.
Effective: July 14, 2018
History: Amended 2018 Ky. Acts ch. 199, sec. 7, effective July 14, 2018. — Amended
2014 Ky. Acts ch. 134, sec. 3, effective July 15, 2014. — Created 2009 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 41, effective June 26, 2009.