KRS 154.20-204: Total tax refund incentive -- Application and approval of eligible

company -- Transfer of designation as approved company.

(1) The total tax refund incentive available for commitment by the authority for all

projects, for each fiscal year, shall no t exceed twenty million dollars ($20,000,000)

for building and construction materials and five million dollars ($5,000,000) for

equipment used in research and development.

(2) If an eligible company proposes to locate or expand its business in the state, t he

eligible company may submit an application to the authority to become an approved

company pursuant to KRS 154.20-200 to 154.20-216.

(3) When the application of an eligible company is complete, it shall be brought before

the authority for approval.

(4) The eligible company shall only be designated an approved company for the

specific, discrete project contained in its application.

(5) A company may transfer its designation as an approved company for the project to

another company upon prior notification t o the authority in a manner prescribed by

the authority. The company to which approval is transferred shall be eligible for the

incentives to which the transferring company was entitled on the entire project.