154.2 0-415 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 dev elopment and commercialization work in the area of alternative fuels and renewable energy. (2) The purpose of the program is to: (a) Accelerate knowledge transfer and technological innovation, improve economic competitiveness, and spur economic growth of K entucky -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 alternativ e fuels or renewable energy within a reasonable period of time; (c) Stimulate growth -oriented alternative fuels and renewable energy enterprises within the Commonwealth; (d) Encourage partnerships and collaborative projects between private enterprises, Kentucky's public and private colleges and universities, and research organizations in alternative fuels and renewable energy; and (e) Promote research and development ts between private enterprises, Kentucky's public and private colleges and 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: June 25, 2013 History: Amended 2013 Ky. Acts ch. 116, sec. 7, effective June 25, 2013. -- Created 2007 (2d Extra. Sess.) Ky. Acts ch. 1, sec. 48, effective August 30, 2007.
Kentucky Legal Code