Create a new section of KRS Chapter 311A to establish the emergency medical services education grant program under the Kentucky Board of Emergency Medical Services to be used for student tuition support, agency support, and emergency medical services training or educational institution support.
Create new sections of KRS Chapter 247 to define terms, prohibit a nonresident alien, foreign business, foreign agent, trustee, or fiduciary associated with the government of any proscribed country referenced in 22 C.F.R. sec. 126.1 from the purchase, lease, or acquisition of agricultural land in Kentucky or participation in programs administered by the Department of Agriculture, Agricultural Development Board, and Kentucky Agricultural Finance Corporation; allow an existing foreign-owned business to purchase adjacent agricultural land to expand the operations of the business; exempt foreign ownership or leasing of up to 350 acres for research purposes; establish the Kentucky Foreign Investment Review Board to review applications for appeal for those on the prohibited countries list wishing to purchase, lease, or acquire agricultural land, set forth requirements of the board to approve or deny an application for appeal, establish a process for an application for appeal, authorize the board to promulgate administrative regulations; allow an applicant who is denied an appeal to purchase agricultural land to appeal the final decision in Circuit Court; require a county clerk to record an affidavit on any deed that conveys agricultural land and report the affidavit recordings monthly to the Kentucky Foreign Investment Review Board, require the Kentucky Foreign Investment Review Board to report to the Committee on Foreign Investment in the United States each month; set forth requirements to divest land that has been purchased, leased, or denied without approval of the Kentucky Foreign Investment Review Board, and direct the distribution of sale proceeds.
Appropriate General Fund moneys from the Budget Reserve Trust Fund Account in fiscal years 2023-2024, 2024-2025, and 2025-2026 to the following: Kentucky Infrastructure Authority for drinking water and wastewater infrastructure grants; Department for Local Government to provide matching funds under the Government Resources Accelerating Needed Transformation Program; Kentucky Public Pensions Authority to be applied to the unfunded liability of the State Police Retirement Systems and the Kentucky Employees Retirement System Nonhazardous pension funds; Teachers' Retirement System to be applied to the unfunded actuarially accrued liability; Cabinet for Economic Development to support the KEDFA loan pool and development projects; Department of Kentucky State Police for lab equipment; Transportation Cabinet to improve public riverports, to implement the Short Line Infrastructure Preservation and Industrial Access and Safety Improvement pilot projects, and support grants to each General Aviation airport; APPROPRIATION; EMERGENCY.
Create new sections of KRS Chapter 224A to define terms; establish the Kentucky Water and Wastewater Assistance for Troubled or Economically Restrained Systems Program under the Kentucky Infrastructure Authority (KIA) to provide for a loan application and evaluation process for eligible public water and wastewater systems to seek loan funds from the General Assembly; require the KIA to make available applications under the program, verify eligibility of proposed recipients, award loans as directed by the General Assembly, enforce compliance with loan conditions, and report quarterly to the General Assembly on the status of all loans under the program; allow the Kentucky Rural Water Association (KRWA) to contract or consult with third-party consultants, state agencies, or special purpose governmental entities in discharging its duties; require finalized loan applications to be made available to the public; allow eligible public water and wastewater systems to submit applications for regional projects; provide for forfeiture and repayment of loans; require the KRWA to evaluate applications according to specified criteria and to submit an annual report to the Legislative Research Commission containing the evaluations and scores of the proposed loan recipients; establish the Kentucky water and wastewater assistance for troubled or economically restrained systems fund; provide that all moneys in the fund shall be allocated by the General Assembly for providing loans for eligible projects; require that interest rates for loans be set in the same manner as the interest rates for loans from the federally-assisted wastewater and water supply resolving funds, except that the interest rates shall be one-half of a percent lower; establish the emergency Kentucky water and wastewater assistance for troubled or economically restrained systems fund; provide that moneys from the fund be dedicated to providing loans for capital and non-capital expenses relating solely to restoring or avoiding imminent interruption of utility service provided by a public water or wastewater system after a statewide or local emergency has been declared; allow the authority to require a corrective action plan to be submitted with a loan application; require that interest rates for loans be set in the same manner as the interest rates for loans form the federally-assisted wastewater and water supply resolving funds; create a new section of KRS Chapter 96 to define terms; create a forbearance period of three years for a utility acquiring a public water or wastewater system with existing violations; require the acquiring utility to correct past violations during the forbearance period; defer fines and penalties during the forbearance period; prioritize funding from the KIA for projects where the acquiring utility is making improvements to the acquired system; allow for a waiver of accrued fines and penalties if all deficiencies have been corrected and the public water or wastewater system has been sold to the acquiring utility or if the utility adopts a management and operations agreement handled by a well-operated utility; require the acquiring utility to make records available to ensure compliance; after the expiration of the forbearance period, allow the Energy and Environment Cabinet and the Public Service Commission to either waive fines and penalties, collect fines and penalties, or grant a discretionary extension of the forbearance period; allow priority in funding from the KIA to be predicated on timely payment of deferred fines and penalties; prohibit an acquired water or wastewater systems to which a forbearance period applied from being eligible for any additional forbearance periods; amend KRS 224A.316 to remove repetitive language and to require the KIA to prioritize funding for a utility acquiring a public water or wastewater system for the correction of deficiencies in the system identified in state and federal violations; APPROPRIATION.
Amend KRS 81A.420 to require a city to provide written notice to a county of annexation; eliminate the election in opposition to annexation but allow a petition to defeat annexation proposal; create a new section of KRS 65.210 to 65.300 to make interlocal agreements concerning the sharing of occupational or insurance premium tax revenue between a city and a county terminable only with the consent of both parties; amend KRS 65.250 to conform; create new sections of KRS Chapter 81A that allow a county subject to occupational tax crediting to have standing to challenge a proposed annexation; require cities that annex territory in counties subject to occupational tax crediting to remit payments to a county or negotiate with a county for investment in a project associated with the annexation in certain circumstances; allow counties to establish designated county industrial districts; define terms; prohibit annexation by a city of territory within a district without consent of the county; provide method to establish a new district or dissolve an existing district; require certain uses within a district; set a maximum number and size of districts within a county; provide landowners and cities with standing to bring suit against a county concerning a district.
Create a new section of KRS Chapter 162 to allow school districts to issue general obligation bonds and obtain bank loans; amend KRS 160.160 require the approval of the Department of Education prior to a school district obtaining a bank loan or issuing general obligation bonds; require general obligation bonds to be entered into through advertising or competitive bidding; provide for the department to intercept funds for a payment due on a general obligation bond; make conforming amendments.
Amend various sections of Subtitles 1, 2, and 3 of KRS Chapter 286, the financial services code, to consolidate statutes; make technical corrections; make numerous revisions to the required banking experience of the financial institutions commissioner; the Financial Institutions Board; prohibited practices of financial institution examiners; application of chapter to national bank or federal savings association operating subsidiaries; examination of safe deposit boxes; transaction of business by foreign financial institutions; banking definitions; the transaction of banking or trust business in this state; state bank and trust company charter requirements; national bank parity authorizations; state bank investment powers; amend KRS 286.3-095 to require reporting for changes in control of bank holding companies that own a state bank; amend KRS 286.3-145 to modify the requirements for state trust companies doing business outside of Kentucky; amend KRS 286.3-146 to modify the requirements for out-of-state trust companies to do business in Kentucky; amend KRS 286.3-690 to permit the commissioner to remove a bank employee from office; amend various Subtitle 3 of KRS Chapter 286 relating to the definition of a receivership court for an insolvent bank; national bank to state bank conversions; state bank branching powers; bank holidays; pledges of bank assets; bank dividends, bank acquisitions, bank concentration limits; interstate merger transactions; out-of-state bank powers; and banking code penalties; create new sections of Subtitles 2 and 3 of KRS Chapter 286 to establish rules of application and interpretation, and establish regulatory authority of the commissioner; amend various sections to conform; repeal various sections within Subtitles 1, 2, and 3 of KRS Chapter 286 relating to financial institution commissioner appointments, improperly influencing real estate appraisals, financial institution definitions, foreign financial institutions, banking business powers; bank officers and directors; capital requirements for banks and trust companies; bank branch requirements; installment loans, educational loans to minors, and revolving credit plans; repeal Subtitle 5 of KRS Chapter 286, relating to the chartering and regulation of state savings and loan associations, except provision relating to transacting of business by out-of-state savings and loan associations; repeal Subtitles 7 and 10 of KRS Chapter 286, relating to the licensing and regulation of industrial loan corporations and title pledge lending; repeal KRS 365.205, relating to printing requirements for personal checks; provide for the initial and staggered appointments to the Financial Institutions Board.
Amend KRS 382.297 to establish when a county clerk shall admit any amendment, renewal, modification, or extension of a recorded mortgage to record; establish when a county clerk shall admit affidavits of amendment prepared and executed by an attorney to record; establish recording requirements and construction of section; amend KRS 413.100 to establish when a promise, acknowledgment, or payment of money operates as an extension of a lien in a recorded mortgage or deed; establish recording requirements for extension.
Create a new section of subtitle 17A of KRS Chapter 304 to exempt qualified health plans from insurance laws that result, or would result, in a determination that the state must make payments to defray the cost of the requirements under federal law; require the Department of Insurance to apply for a waiver of any cost defrayal requirements.
Amend KRS 262.850 to decrease the minimum number of acres to qualify as an agricultural district from 250 acres to 50 acres; add cities that are within one mile of the agricultural district to the list of entities to be notified of the proposal, approval, and withdrawal of property from, an agricultural district; allow a district board of supervisors of supervisors to consider possible dissolution of an agricultural district if an owner's withdrawal of property results in the remaining land no longer qualifying as agricultural land.
