KRS 154.20-020: Authority to commit cabinet to projects -- Exceptions.

(1) The secretary shall be authorized to commit the cabinet to any project or proposal,

subject to approval of the committee as necessary except that any state incentive

agreement requiring the participation of other agencies of state government shall

require the concurrence of the board.

(2) No project shall be funded in whole or part by the authority unless first approved by

its committee pursuant to administrative regulations promulgated by the board in

accordance with KRS Chapter 13A.

(3) Lending decisions made by the authority shall be based, if possible, feasible, and

not otherwise precluded by federal or state law, on utilizing state funds to leverage

private sector investment.