Page 1 of 1 LRC 2023-BR1000-HB313
COMMONWEALTH OF KENTUCKY FISCAL NOTE STATEMENT
LEGISLATIVE RESEARCH COMMISSION
2023 REGULAR SESSION
MEASURE
2023 BR NUMBER 1000 HOUSE BILL NUMBER 313
TITLE AN ACT relating to economic development
SPONSOR Representative Adam Bowling
FISCAL SUMMARY
STATE FISCAL IMPACT: YES NO UNCERTAIN
OTHER FISCAL STATEMENT (S) THAT MAY APPLY: ACTUARIAL ANALYSIS
LOCAL MANDATE CORRECTIONS IMPACT HEALTH BENEFIT MANDATE
APPROPRIATION UNIT(S) IMPACTED:
FUND(S) IMPACTED: GENERAL ROAD FEDERAL RESTRICTED
FISCAL ESTIMATES 2022-2023 2023-2024 ANNUAL IMPACT AT
FULL IMPLEMENTATION
REVENUES
EXPENDITURES
NET EFFECT
( ) indicates a decrease/negative
PURPOSE OF MEASURE: The purpose of the measure is to provide for eligibility changes to
the Kentucky Product Development Initiative within the Cabinet for Economic Development.
FISCAL EXPLANATION : The measure redefines eligible project and eligible use
terminology. The measure also amends various eligibility, allocation, matching and funding
provisions within the Kentucky Product Development Initiative, but does not create a state fiscal
impact.
DATA SOURCE(S): LRC Staff
PREPARER: Kevin Newton NOTE NUMBER: 38 REVIEW: JAB DATE: 2/20/2023