{"data":{"id":"us-ky/krs-154.20-020","jurisdiction":"us-ky","citation":"KRS 154.20-020","heading":"Authority to commit cabinet to projects -- Exceptions.","body":"(1) The secretary shall be authorized to commit the cabinet to any project or proposal,\nsubject to approval of the committee as necessary except that any state incentive\nagreement requiring the participation of other agencies of state government shall\nrequire the concurrence of the board.\n(2) No project shall be funded in whole or part by the authority unless first approved by\nits committee pursuant to administrative regulations promulgated by the board in\naccordance with KRS Chapter 13A.\n(3) Lending decisions made by the authority shall be based, if possible, feasible, and\nnot otherwise precluded by federal or state law, on utilizing state funds to leverage\nprivate sector investment.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=50010","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:53Z","sha256":"6589e2b27b8f8b3d635b61ba8c5a21159f3d048824b562f151dfb8af1cc51324","source_id":"us-ky","stale":false,"prev":"us-ky/krs-154.20-010","next":"us-ky/krs-154.20-025"},"notice":"GroundRules: Original legal text. Not legal advice."}