KRS 154.24-020: Legislative findings.

(1) The General Assembly hereby finds and declares that the general welfare and

material well -being of citizens of the Commonwealth depends in large measure

upon the development and growth of the service and technology industries in the

Commonwealth.

(2) The G eneral Assembly hereby finds and further declares that it is in the best

interest of the Commonwealth to induce:

(a) The location of service and technology facilities in the Commonwealth; and

(b) The expansion of existing service and technology industries in the

Commonwealth, in order to advance the public purposes of relieving

unemployment by creating new jobs in the Commonwealth that, but for the

inducements to be offered by the authority to approved companies, would not

exist, and of creating new sources of tax revenues for the support of the public

services provided by the Commonwealth.

(3) The General Assembly hereby finds and further declares that the authorities granted

by KRS 154.24-010 to 154.24-150 are proper governmental and public purposes for

which public moneys may be expended, and that the inducement of:

(a) The location of service and technology facilities in the Commonwealth; and

(b) The expansion of existing service and technology industries in the

Commonwealth is of paramount importance, m andating that the provisions of

KRS 154.24-010 to 154.24-150 be liberally construed and applied in order to

advance the public purposes.