KRS 154.20-400: Definitions for KRS 154.20-400 to 154.20-420.

As used in KRS 154.20-400 to 154.20-420:

(1) "Alternative fuels" means:

(a) Alternative transportation fuels as defined in KRS 152.715;

(b) Synthetic natural gas as defined in KRS 152.715;

(c) Biodiesel produced from biomass resources as defined in KRS 152 .715 that is

used for purposes other than transportation fuel;

(d) Ethanol as defined in KRS 141.422;

(e) Cellulosic ethanol as defined in KRS 141.422; and

(f) Any other fuel that is produced from a renewable or sustainable source;

(2) "Eligible company" m eans any corporation, limited liability company, partnership,

limited partnership, sole proprietorship, business trust, person, group, city, county,

charter county, consolidated local government, urban-county government, or unified

local government entity, or other entity engaged in research and development and

commercialization related to, or the production of, alternative fuels or renewable

energy;

(3) "Kentucky-based" means a business with its principal place of business in Kentucky

or at least fifty-one percent (51%) of its property and payroll located in Kentucky;

(4) "Qualified company" means an eligible company that may be granted funding

pending final approval;

(5) "Renewable energy" means electricity produced by hydropower, solar power,

landfill methane gas, wind power, geothermal, biomass, or other renewable sources;

and

(6) "Science and technology organization" means an independent, nonprofit quasi -

governmental organization with a statewide mission and demonstrated history of

managing complicated programs in the areas of entrepreneurial innovation, research

and development, and science and technology advancement.