154.20.415 Kentucky Alternative Fuel and Renewable Energy Fund Program -- Purpose. - Kentucky Statutes

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Page 1 of 1 154.20-415 Kentucky Alternative Fuel and Renewable Energy Fund Program -- Purpose. (1) There is created in the cabinet a Kentucky Alternative Fuel and Renewable Energy Fund Program to provide funding to Kentucky-based companies to undertake
research and development and commercialization work in the area of alternative
fuels and renewable energy. (2) The purpose of the Kentucky Alternative Fuel and Renewable Energy Fund Program is to:
(a) Accelerate knowledge transfer and technological innovation, improve economic competitiveness, and spur economic growth of Kentucky-based
companies involved in the areas of alternative fuels or renewable energy; (b) Support research and development activities that have clear potential to lead to commercially successful products, processes, or services in the areas of
alternative fuels or renewable energy within a reasonable period of time; (c) Stimulate growth-oriented alternative fuel and renewable energy enterprises within the Commonwealth; (d) Encourage partnerships and collaborative projects between private enterprises, Kentucky's universities, and research organizations in alternative fuels and
renewable energy; and (e) Promote research and development and commercialization activities in alternative fuels and renewable energy that are market-oriented. Effective: August 30, 2007
History: Created 2007 (2d Extra. Sess.) Ky. Acts ch. 1, sec. 48, effective August 30, 2007.