§ 154-21-030

154.21 -030 Application processes -- Annual report. (1) In the implementation of the Kentucky Product Development Initiative, the Kentucky Association for Economic Development shall: (a) Process the grant applications; (b) Determine whether a grant applicant is an eligible grant recipient and seeking a grant fo r an eligible project; (c) Evaluate the project site cited or proposed by each grant applicant in accordance with the program's evaluation model described in KRS 154.21 -035 and based on the criteria recommended by the third -party independent site selection consultant; (d) Score each grant applicant's project pursuant to the scoring system described in KRS 154.21 -040; (e) Rank the grant applicants: 1. In a manner that prioritizes the greatest return on investment, workforce creation, and relative positive im pact on the community; and 2. Based on the project site evaluation and subsequent project score described in KRS 154.21 -035 and 154.21 -040; (f) Compile a list of proposed grant recipients whose eligible project demonstrates a high level of investment poten tial if a grant is made, as revealed by the evaluation, scoring, and ranking process described in this section

ed grant recipients whose eligible project demonstrates a high level of investment poten tial if a grant is made, as revealed by the evaluation, scoring, and ranking process described in this section and KRS 154.21 -035 and 154.21 -040; (g) Submit the proposed grant recipients and their prioritization to the cabinet for final selection of the gr ant recipients; (h) Provide detailed feedback to all grant applicants after the project site evaluation and project score are completed; and (i) Compile an annual report for the cabinet conveying the following information about the program: 1. A list of all program applicants; 2. The identity of applicants who were not selected for recommendation; 3. Trends found in feedback given to applicants who were not selected for recommendation; 4. Eligible uses of the properties cited in the grant applic ations; and 5. Any other information requested by the cabinet. (2) The Kentucky Association for Economic Development shall contract with a third - party independent site selection consultant to assist with the grant applicant site evaluations, scoring, prior itization, and recommendations described in this section and KRS 154.21 -035 and 154.21

party independent site selection consultant to assist with the grant applicant site evaluations, scoring, prior itization, and recommendations described in this section and KRS 154.21 -035 and 154.21 -040. Effective: July 14, 2022 History: Created 2022 Ky. Acts ch. 176, sec. 5, effective July 14, 2022. Legislative Research Commission Note (7/14/2022). In codification, a correction has been made to subsection (1)(c) of this statute. 2022 House Bill 745, Section 5, which created this statute, contained a reference in subsection (1)(c) to 'Section 7 of this Act,' which has been codified as KRS 154.21 -040. However, it is c lear from the text and context that the reference was intended to read 'Section 6 of this Act,' which has been codified as KRS 154.21 -035. Under the authority of KRS 7.136, the Reviser of Statutes has corrected this reference.