KRS 154.12-2035: Electronic database of approved program projects -- Annual report --

Programs included -- Coordination with other agencies.

(1) The cabinet shall maintain a searchable electronic database on its website

containing information on the cost and status of the programs listed in subsection

(3)(a) of this section. The database shall include all projects approved at any time in

the last five (5) years and shall include for each, where applicable, the following

information:

(a) The name of the pro gram, the recipient or participant, the type of project, and

its location by county;

(b) Total and approved costs of the project or investment, and the amount of

incentives or other benefits authorized;

(c) For the Kentucky Business Investment Program and the Kentucky Enterprise

Initiative Act, the amount of incentives or other benefits actually recovered as

self-reported by the recipient;

(d) The number of new jobs estimated and, for the Kentucky Business Investment

Program, actually created, along with wage information for those jobs;

(e) Project status and the date and nature of the most recent activity; and

(f) Any other comparable data or information necessary to achieve transparency

and accountability for the specified programs.

(2) In addition to the electronic database required in subsection (1) of this section, the

cabinet shall prepare an annual report on the programs listed in subsection (3) of

this section and make it available on the Cabinet for Economic Development

website by November 1 of each year. The report shall include all projects approved

in the preceding fiscal year and shall provide for these projects the information

specified in subsection (1) of this section plus aggregate data for each program,

summary evaluations of program activity and effectiveness, and anything required

by statute to be reported for any particular program. The report shall also list all

projects that were approved in prior years but active at any time in the preceding

fiscal year, although for these projects the report need not provide further data.

(3) The following programs shall be subject to the reporting requirements of this

section:

(a) The electronic database required in subsection (1) of this section shall include

the Bluegrass State Skills Corporation, gra nts-in-aid and skills training

investment credit; Kentucky Business Investment Program; Kentucky

Enterprise Initiative Act; Office of Entrepreneurship and Innovation

programs; Incentives for Energy -related Business Act; Kentucky Economic

Development Financ e Authority small business and direct loan programs;

Kentucky Industrial Revitalization Act; Kentucky Reinvestment Act;

Kentucky Small Business Tax Credit; economic development bonds;

Kentucky Industrial Development Act; Kentucky Jobs Development Act;

Kentucky Jobs Retention Act; the Kentucky Rural Economic Development

Act; and

(b) The annual report required by subsection (2) of this section shall include all

programs listed in paragraph (a) of this subsection plus the Kentucky

Investment Fund Act, and tax increment financing, state participation projects.

(4) The cabinet shall coord inate with any other agency necessary to supply the

information required by this section.