154.20-400 Definitions for KRS 154.20-400 to 154.20-420.

KY Rev Stat § 154.20-400 (2019) (N/A)
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154.20-400 Definitions for KRS 154.20-400 to 154.20-420. As used in KRS 154.20-400 to 154.20-420: (1) "Alternative fuels" means: (a) Alternative transportation fuels as defined in KRS 152.715; (b) Synthetic natural gas as defined in KRS 152.715; (c) Biodiesel produced from biomass resources as defined in KRS 152.715 that is used for purposes other than transportation fuel; (d) Ethanol as defined in KRS 141.422; (e) Cellulosic ethanol as defined in KRS 141.422; and (2) (3) (4) (5) (6) (f) Any other fuel that is produced from a renewable or sustainable source; "Eligible company" means any corporation, limited liability company, partnership, limited partnership, sole proprietorship, business trust, person, group, city, county, charter county, consolidated local government, urban-county government, or unified local government entity, or other entity engaged in research and development and commercialization related to, or the production of, alternative fuels or renewable energy; "Kentucky-based" means a business with its principal place of business in Kentucky or at least fifty-one percent (51%) of its property and payroll located in Kentucky; "Qualified company" means an eligible company that may be granted funding pending final approval; "Renewable energy" means electricity produced by hydropower, solar power, landfill methane gas, wind power, geothermal, biomass, or other renewable sources; and "Science and technology organization" means an independent, nonprofit quasi- governmental organization with a statewide mission and demonstrated history of managing complicated programs in the areas of entrepreneurial innovation, research and development, and science and technology advancement. Effective: June 25, 2013 History: Amended 2013 Ky. Acts ch. 116, sec. 5, effective June 25, 2013. -- Created 2007 (2d Extra. Sess.) Ky. Acts ch. 1, sec. 45, effective August 30, 2007.