154.22.020 Legislative findings. - Kentucky Statutes

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154.22-020 Legislative findings. (1) The General Assembly hereby finds and declares that the general welfare and material well-being of citizens of the Commonwealth, and particularly those
residing in qualified counties, depends in large measure upon the development and
growth of industry in the Commonwealth. (2) The General Assembly hereby finds and declares further that it is in the best interest of the Commonwealth to induce the location of manufacturing facilities, electric
generation, and agribusiness operations within the qualified counties of the
Commonwealth in order to advance the public purposes of relieving unemployment
by creating new jobs within the qualified counties that but for the inducements to be
offered by the authority to approved companies as herein provided would not exist
and of creating new sources of tax revenues for the support of the public services
provided by the Commonwealth and qualified counties. (3) The General Assembly hereby finds and declares further that the authority granted by KRS 154.22-010 to 154.22-070 and the purposes to be accomplished hereby are
proper governmental and public purposes for which public moneys may be
expended, and that the inducement of the location of manufacturing facilities,
electric generation, and agribusiness operations within qualified counties is of
paramount importance, mandating that the provisions of KRS 154.22-010 to
154.22-070 be liberally construed and applied in order to advance the public
purposes. Effective: July 14, 2000
History: Amended 2000 Ky. Acts ch. 321, sec. 2, effective July 14, 2000. -- Amended 1994 Ky. Acts ch. 390, sec. 5, effective July 15, 1994.