KRS 154.20-150: Project status reports by authority -- Annual report -- Construction

activity report.

(1) On or before October 1, 1992, and on or before the first day of every third

month thereafter, the authority shall provide a written project status report to

the Legislative Research Commission, and the authority shall be compelled to

send a representative to testify on the project status report and the authority

shall provide additional information on any projects upon request by the

Legislative Research Commission. The written project status report shall

include but is not limited to:

(a) The current status of each project under consideration by the authority,

the proposed cost of a project, for each project under consideration,

including any proposed financial obligations of the authority, the number

of jobs to be created or retained by each project under consideration, and

a description of the applicants with respect to each project under

consideration; and

(b) The current status of each project, along with an updated cost for each

project in progress, including any financial obligations of the authority and

a description of the principals with respect to each project in progress.

(2) On or before November 1 of each year, the authority shall prepare an annual

report and make it available on the Cabinet for Economic Development Web

site as required by KRS 154.12-2035. The report shall include information

about the success or failure of each completed project, in order to determine

the effectiveness of the Kentucky Economic Development Finance Authority.

(3) In addition to the project status report, all construction, reconstruction, or

alteration, financed or facilitated in whole or in part by the authority shall be

reported to the Department of Workforce Development in the Education and

Labor Cabinet and to the Kentucky Legislative Research Commission not later

than fifteen (15) days following the end of the month in which the agreement or

contract facilitating or permitting such activity was executed. This construction

activity report shall be subject to public information requests as provided by

KRS 61.878. Reports shall list subject construction activity by location of

project site, and shall specify the type of construction, project owner, estimated

cost of project, and estimated starting and completion dates if known.