KRS 154.20-060: Projects eligible for insurance by authority -- Priority given to certain

projects.

(1) Insurance, guarantees, or letters of credit provided or procured pursuant to KRS

154.20-040 and 154.20 -045 shall be provided or procured only for projects withi n

this state which are consistent with the purposes and objectives of the authority and

this chapter.

(2) The authority shall give paramount priority in providing or procuring insurance,

guarantees, and letters of credit to projects which have the greatest potential for

creating new jobs or retaining current jobs within this state.

(3) Notwithstanding the provisions of subsection (2) of this section, when considering

project applications from a riverport facility established under KRS 65.520, the

authority shall not give priority to regulatory criteria pertaining to direct

employment at these facilities and shall instead give priority to the indirect

employment maintained or created.