154.20.250 Purpose of KRS 154.20-250 to 154.20-284. - Kentucky Statutes

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154.20-250 Purpose of KRS 154.20-250 to 154.20-284. The purposes of KRS 154.20-250 to 154.20-284 are to encourage capital investment in
the Commonwealth of Kentucky, to encourage the establishment or expansion of small
businesses in Kentucky, to provide additional jobs, and to encourage the development of
new products and technologies in the state through capital investments. It is the intent of
KRS 154.20-250 to 154.20-284 to give investment preference to Kentucky small
businesses showing a potential for rapid growth. Insofar as possible, any investment made
in a Kentucky small business under the provisions of KRS 154.20-250 to 154.20-284
shall be used by that business to leverage additional capital investments from other
sources. Effective: July 15, 1998
History: Created 1998 Ky. Acts ch. 414, sec. 1, effective July 15, 1998.