All Financial Responsibility Legislation - Kentucky

Create a new section of KRS 65.7041 to 65.7083 to abolish the Tax Increment Financing Commission and the Office of Tax Increment Financing and to provide for the transfer of all records to the Kentucky Economic Development Finance Authority (KEDFA); establish a new Subchapter 30 of KRS Chapter 154 to move the state tax increment financing program from the Tax Increment Financing Commission to KEDFA; amend KRS 65.7043, 65.7047, 65.7053, 65.7055, 65.7061, 65.7063, and 65.7083 to conform; amend KRS 65.7045 to conform and to add definitions for "previously developed land" and "previously undeveloped land"; amend KRS 65.4049 to clarify the conditions under which previously developed land may qualify to be included in a development area, to clarify the requirements for local findings, and to require that KEDFA confirm the basis for the local findings as part of the application review process; amend KRS 65.7051 to require additional information on development area boundaries; create a new section [...]

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Create new sections of KRS Chapter 411 to outline specific civil liability and related procedures for financial recovery after the theft of motor fuel for motor vehicles and motorboats; define "motor fuel," "retailer," "retail facility," and "vehicle"; authorize retailers to mail a notice demanding payment from the owner of a vehicle that receives motor fuel without making proper payment to the retailer; allow retailers to impose a $30 service charge in addition to recovering the cost of the motor fuel; impose a civil penalty in the amount of the greater of the price of the motor fuel or $100 if the owner has not made payment within 30 days after the notice was mailed; require that retailers conspicuously display notice of the service charge on the premises from which the motor fuel was received; forbid further collection efforts if the vehicle owner disputes the retailer's claim within the 30 days after the notice was mailed; limit retailers to collecting payment only pursuant to a court [...]

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Create new sections of KRS Chapter 158 to require the Kentucky Department of Education to develop and implement the Kentucky Financial Literacy Program; permit school districts to utilize the program and program materials; require the program to include curricula, materials, and guidelines for financial literacy instruction aligned with state standards and designed to be included in courses currently offered in public schools; require the Kentucky Board of Education to adopt the curricula, materials, and guidelines for the program; set forth areas of financial literacy to be included in the program; establish the Kentucky financial literacy trust fund within the State Treasury; permit the fund to receive state appropriations, gifts, grants, federal funds, and any other funds, both public and private; identify permissible fund uses; require the Kentucky Board of Education to promulgate administrative regulations; require the Kentucky Department of Education to administer the trust fund; [...]

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