154.12 -340 Financial assistance program for nuclear energy -related projects -- Cabinet to verify and process financial assistance requests -- Administrative regulations. (1) The Cabinet for Economic Development shall create and implement a financial assistance program for the development and location of nuclear energy -related projects to support the entire nuclear energy ecosystem in the Commonwealth, including utility and private sector economic development activities. The nuclear energy ecosystem in cludes but is not limited to: (a) The nuclear fuel cycle, which includes fuel conversion, enrichment, and fabrication, as well as potential future spent fuel recycling and reprocessing; (b) Reactor design and component manufacturing; (c) Component supply c hain manufacturing and distribution; (d) Facility siting and development; (e) Radioisotope production; (f) Facility operation and maintenance; (g) Decommissioning waste storage, transport, and management; and (h) End uses of nuclear energy and co -product s. (2) The cabinet, in consultation with the Kentucky Nuclear Energy Development Authority established in KRS 164.2802, shall verify and process eligible financial assistance r energy and co -product s. (2) The cabinet, in consultation with the Kentucky Nuclear Energy Development Authority established in KRS 164.2802, shall verify and process eligible financial assistance requests for nuclear energy -related projects under the grant program, similar to the application, approval, and oversight process for the economic development fund program outlined in KRS 154.12 -100. The authority shall promulgate administrative regulations in accordance with KRS Chapter 13A to effectuate this section. Effective: July 15, 2024 History: Created 2024 Ky. Acts ch. 169, sec. 3, effective July 15, 2024.
Kentucky Legal Code