AN ACT relating to fiscal matters and declaring an emergency.

Summary

The bill sets up a Rural Building and Job Creation Revolving Fund that the state’s economic development cabinet will run, giving low‑interest loans and compliance help to eligible nonprofits, city or county governments, and industrial development authorities in designated rural counties. It also ties the fund to workforce development by working with the community college system and orders a study on cross‑state economic‑development reciprocity. The emergency declaration is meant to address high unemployment in Kentucky’s rural areas.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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