KRS 154.21-025: Grant application -- Compliance.

(1) (a) To participate in the Kentucky Product Development Initiative, grant

applicants shall submit an application to the Kentucky Association for

Economic Development that will be received by or shared with the third -party

independent site selection consultant for review.

(b) Grant applicants wishing to engage in a regional project shall submit a single

application to the Kentucky Association for Economic Development that will

be received by or shared with the third -party independent site selection

consultant for review.

(2) If a grant applicant is selected as an eligible grant recipient approved under the

economic development fund program, it shall comply with any incentive

agreements and reporting requirements deemed necessary by the cabinet to verify

that the awarded grant goes toward an eligible use.

(3) If the selected grant recipient fails to comply with subsection (2) of this section or

uses the awarded grant money for any purpose other than an eligible use, the

selected eligible grant recipient shall forfei t and be liable to the cabinet for the full

award amount.