KRS 65.029: Appropriation to West End Opportunity Partnership conditioned upon

partnership's receipt of private and consolidated local government

funding.

(1) As used in this section, "development area" means a region within a

consolidated local government bounded by:

(a) To the south, Algonquin Parkway to the South Seventh Street

intersection, but including the unincorporated communities adjacent to

Park Duvalle and Algonquin:

1. Beginning at the Ohio River, at the southwest corner of Chickasaw

Park and then along the park's southern boundary to Southwestern

Parkway;

2. Southwestern Parkway south to Algonquin Parkway;

3. Algonquin Parkway to South Forty-first Street;

4. South Forty-first Street south to Bells Lane;

5. Bells Lane east to Cane Run Road;

6. Cane Run Road north to Linwood Avenue;

7. Linwood Avenue east to Beech Street;

8. Beech Street south to Wingfield Lane;

9. Wingfield Lane east to Dixie Highway;

10. Dixie Highway north to Algonquin Parkway; and

11. Algonquin Parkway east to South Seventh Street;

(b) To the east, South Seventh Street north to Ninth Street and Ninth Street

north to the Ohio River; and

(c) The Ohio River to the north and west;

(2) Prior to any development actions taken by the West End Opportunity

Partnership, a minimum investment shall be pledged within the order listed and

received by the West End Opportunity Partnership:

(a) A combined total of twenty million dollars ($20,000,000) shall be pledged

by and received from private sector investors and a consolidated local

government, with a minimum of five million dollars ($5,000,000) pledged

by a consolidated local government; and

(b) 1. Only upon verification of receipt of the twenty million dollars

($20,000,000) pledged under paragraph (a) of this subsection,

general fund moneys in the amount of ten million dollars

($10,000,000) shall be appropriated by the General Assembly to the

Department for Local Government for use by the West End

Opportunity Partnership for revitalization of the development area.

2. The Kentucky State Treasurer shall verify that the West End

Opportunity Partnership received the full twenty million dollars

($20,000,000) in accordance with paragraph (a) of this subsection

prior to the General Assembly appropriating ten million dollars

($10,000,000) from the general fund. The West End Opportunity

Partnership shall provide the Kentucky State Treasurer the

information needed to verify receipt of the funds. Within thirty (30)

days of verifying the funds, the Kentucky State Treasurer shall notify

the Interim Joint Committee on Appropriations and Revenue.

3. If the West End Opportunity Partnership has not received the full

twenty million dollars ($20,000,000) in accordance with paragraph

(a) of this subsection prior to June 30, 2022, the General Assembly

shall not appropriate the ten million dollars ($10,000,000) required

by subparagraph 1. of this paragraph.