{"data":{"id":"us-ky/krs-154.20-285","jurisdiction":"us-ky","citation":"KRS 154.20-285","heading":"Investment in single knowledge -based entity -- Investment by local","body":"governments -- Transfer of tax credits.\nNotwithstanding the provisions of KRS 154.20 -254, 154.20 -255, and 154.20 -258, an\ninvestment fund approved by the Kentucky Economic Developmen t Finance Authority\nafter July 1, 2004, and otherwise qualified for tax credits pursuant to the Kentucky\nInvestment Fund Act as set forth in KRS 154.20 -250 to 154.20-284, may invest up to one\nhundred percent (100%) of its committed cash contributions in a single knowledge-based\nentity. A city, county, other local governmental entity, or any entity approved by the\nKentucky Economic Development Finance Authority, may invest in an investment fund\ncreated for this purpose and may transfer, for some or no consid eration, any or all of the\ntax credits received pursuant to the Kentucky Investment Fund Act to a private entity. The\nKentucky Economic Development Finance Authority shall have discretion to approve or\ndeny applications for entities seeking credits pursuant to this section.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=2718","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:53Z","sha256":"085c6954a38743fd0e113c69f93d928ec3f190c09b0ab324f85add76b7d8bdf1","source_id":"us-ky","stale":false,"prev":"us-ky/krs-154.20-284","next":"us-ky/krs-154.20-300"},"notice":"GroundRules: Original legal text. Not legal advice."}