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Kentucky HB 819 amends rules for the state economic development fund and committee review procedures

Original title: AN ACT relating to economic development.

Last action · March 13, 2026: taken from Economic Development & Workforce Investment (H) 1st reading returned to Economic Development & Workforce Investment (H)Sponsor: David Osborne

Introduced
Committee
Floor Vote
Passed
Law

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What This Bill Proposed

Kentucky HB 819 updates statutory requirements governing the state's economic development fund, including project selection criteria, application commitments, committee review procedures, and annual reporting deadlines. The measure specifies funding eligibility rules, requires written agreements between the Cabinet for Economic Development and project applicants, and mandates annual reports by November 1.

Why it matters

Changes the administrative hurdles, review processes, and reporting obligations for public and private organizations seeking state economic development funds or undertaking airport construction and renovation projects.

Who It Would Have Affected

Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.

Directly affected

Cabinet for Economic Development

Must administer the fund, promulgate administrative regulations, execute written agreements, and prepare an annual report by November 1.

Directly affected

Capital Projects and Bond Oversight Committee

Must review and approve projects at its regularly scheduled meeting following authority approval.

Directly affected

State Property and Buildings Commission

Issues bonds for the economic development fund and must review and approve projects at its regularly scheduled meeting.

Key Facts

  • The economic development fund is authorized by the General Assembly and funded through bond issuance by the State Property and Buildings Commission or other appropriations.
  • The secretary of the Cabinet for Economic Development administers the fund and must promulgate administrative regulations for project selection criteria including job creation/retention, involvement, payback conditions, and investment amount.
  • Applicants must submit a written commitment outlining projected job creation and retention, investment breakdowns, and project descriptions prior to submission to the authority.
  • State agency projects are generally ineligible for economic development fund financing unless expressly provided in a branch budget bill, but airport construction and renovation projects are explicitly eligible.
Show all 7 facts
  • Projects must be reviewed and approved at regularly scheduled meetings of the Capital Projects and Bond Oversight Committee and the State Property and Buildings Commission following approval by the authority.
  • Fund issuance during any biennium cannot exceed the fund balance, and authorized biennial funds carry forward without lapsing.
  • The Cabinet for Economic Development must prepare and post an annual report to its website by November 1 detailing funds issued, disbursed, paid back, and balances owing over the previous five fiscal years.

Frequently Asked Questions

Who administers the economic development fund?
The fund is administered by the secretary of the Cabinet for Economic Development.
Are state agency projects eligible for funding from the economic development fund?
Projects of state agencies are not eligible unless expressly provided in a , though airport construction and renovation projects are eligible.
What committees must review and approve projects after authority approval?
Projects must be reviewed and approved at the next regularly scheduled meeting of the Capital Projects and Bond Oversight Committee and the State Property and Buildings Commission.
When is the annual report due?
By November 1 of each year, the Cabinet for Economic Development must prepare and post an annual report to its website.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Where This Stands

This bill did not become law - Died at adjournment · in House committee.

Procedural history

3 actions
  1. Mar 13, 2026HouseCommittee
    taken from Economic Development & Workforce Investment (H) 1st reading returned to Economic Development & Workforce Investment (H)
  2. Mar 9, 2026HouseCommittee
    to Economic Development & Workforce Investment (H)
  3. Mar 2, 2026HouseIntroduced
    introduced in House to Committee on Committees (H)

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Sponsors

Connected Entities

General Assembly, State Property and Buildings Commission, Finance and Administration Cabinet and 2 more
OrganizationGeneral Assembly“Enacting body for Kentucky legislation”Map →
OrganizationState Property and Buildings Commission“Issues bonds and reviews projects”Map →
OrganizationFinance and Administration Cabinet“Consulted on terms and conditions relating to the use of funds”Map →
OrganizationCapital Projects and Bond Oversight Committee“Reviews and approves projects”Map →
OrganizationCabinet for Economic Development“Administers the economic development fund”Map →

Sources

Open source document

apps.legislature.ky.gov

Analysis Score

0–100
  • Significance20
    Lowered because this bill did not pass (its text scored 45)
  • Controversy10
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz15
    Current news / social attention level

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