Amends Kentucky law to modify local participation agreements for development areas.
The bill amends Kentucky law to modify local participation agreements for development areas. It specifies that any pledge of incremental revenues in a local participation agreement takes precedence over other pledges and supersedes conflicting statutes, ordinances, or resolutions. It also excludes local participation agreements and development areas from certain percentage calculations. The bill repeals a section of Kentucky law that restricts the General Assembly's authority.
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- Core Provisions
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- Impact
- Legal Framework
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