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Kentucky Revised Statutes Relating to TIF

65.7041 -  Findings of General Assembly relative to KRS 65.7041 to 65.7083

65.7043 -  Purposes of KRS 65.7041 to 65.7083

65.7045 -  Definitions for KRS 65.7041 to 65.7083

65.7047 -  Establishment of local development areas -- Conditions for establishment -- Steps for establishment or modification -- Funding -- Executive of agreement -- Pledge of revenues

65.7049 -  Establishment of development area for reinvestment and redevelopment pursuant to this section and KRS 65.7051 and 65.7053 -- Conditions for establishment -- Findings required

65.7051 -  Establishment of development plan for a development area -- Public hearing

65.7053 -  Contents of ordinance establishing a development area -- Agency to oversee and administer implementation of ordinance -- Termination date

65.7055 -  Amendment, change, or revision to development plan or development area -- Adoption -- Hearing and notice -- Ordinance

65.7057 -  Permitted sources for local funding for redevelopment assistance or projects -- Special assessments -- Local

65.7059 -  Issuance of increment bonds by local governments participation agreement required

65.7061 -  Special fund to be pledged for retirement of increment bonds -- Requirements governing disbursal of funds

65.7063 -  Requirements for local participation agreements -- Pledge of incremental revenues superior to other pledges of revenues

65.7065 -  Service payment agreement -- Power of city, county, or issuer to enter into agreement -- Liens, priority, validity, enforceability, and termination

65.7067 -  Real property in development areas not eligible for assessment moratoriums under KRS 99.600

65.7069 -  State Tax Increment Financing Commission -- Members -- Powers and duties -- Annual report

65.7071 -  State tax increment financing participation programs -- Application requirements for a local government to request state participation -- Commission review requirements -- Pledge limitations -- Project grant agreements required -- Independent consultant's report

65.7073 -  Commonwealth Participation Program for State Real Property Ad Valorem Tax Revenues -- Criteria for state participation -- Qualifying expenditures -- Pledge limitations -- Commission review -- Required determinations by the commission -- Project grant agreement required

65.7075 -  Signature Project Program -- Purpose -- Two programs -- Criteria for state participation -- Qualifying expenditures -- Commission review -- Required determinations by the commission -- Pledge limitations -- Project grant agreement required

65.7077 -  Commonwealth Participation Program for Mixed-Use Redevelopment in Blighted Urban Areas -- Definitions -- Criteria for state participation -- Qualifying expenditures -- Commission review -- Required determinations by the commission -- Pledge limitations -- Project grant agreement required

65.7079 -  Terms and conditions of project grant agreements to be negotiated between commission and agency -- Provisions of agreement -- Pledge of incremental revenues superior to other pledges of revenues -- Renewal and discontinuance of agreement

65.7081 -  Requirement that minimal capital investment be made prior to the release of incremental revenues -- Escrow account -- Duties of office to monitor agreements, track revenues, and prepare reports for commission

65.7083 -  Payment and release of incremental revenues -- Duties of local taxing districts and Department of Revenue

 

 
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Last Updated 10/3/2007
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