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A
Here,
having
a
quorum
or
dually
constituted
to
conduct
business
at
this
time,
we're
going
to
go
a
little
bit
out
of
order
on
these
things,
so
we
can
move
some
stuff
around
a
little
bit,
we're
going
to
start
out
with
house
bill.
604
representative
moser,
you
won't
come
on
up
here
at
this
time.
A
Can
I
have
a
motion
to
adopt
the
committee
substitute
by
senator
carol?
Do
I
have
a
second
second
by
senator
douglas
all
those
in
favor
signify
by
saying
I
the
eyes?
Have
it
this
committee
substitute
is
adopted
representative
moser?
If
you
would
like
to
speak
briefly
to
the
underlying
legislation,
and
then
I
will
talk
about
the
rest
of
it,.
C
C
Of
course,
any
individual
who
would
be
placed
into
a
clinical
trial
would
be
assessed
and
referred
to
the
appropriate
clinical
trial.
It
does
instruct
or
direct
the
center
to
apply
to
the
dea
for
a
cult
cultivation
center,
which
would
establish
kentucky
as
a
leader
in
research
that
is
the
general
underlying
language
and
I'm
happy
to
answer
any
questions.
A
All
right
does
anybody
have
any
questions
at
this
time
for
representative
mosher
all
right,
seeing
none
so
to
speak
to
the
committee
substitutes
section.
One
deals
with
some
reports
that
we've
long
desired
to
get
from
the
executive
branch
and
trying
to
get
them
in
a
little
bit
more
timely
section:
two
deals
with
caps
on
the
fees
for
property
valuation
administrators
that
had
been
previously
requested
by
the
lexington
fayette
county
urban
government.
A
Section
3
is
the
cannabis,
as
was
described
by
representative
mosher.
There
section
5
deals
with
lending
from
ag
or
from
heavy
equipment.
Sorry
about
that
for
soil
conservation,
district
section
six
goes
on
to
continue
to
describe
that
there,
as
well
as
section
7
section
8
begins
the
west
kentucky
health
center
that
we
had
authorized
in
the
budget.
This
is
just
the
authorizing
language
for
that
section:
13
funds,
the
plasma
games,
section
14,
allocates
money
to
rough
river
business
and
tourism
association,
section
15
allocates
money
for
repairs.
A
The
kentucky
center
for
the
arts,
section
16
provides
funding
for
rockcastle
county
schools.
It
was
inadvertently
left
out
originally
section
17
is
funding
for
operation
unite
section
18.
there
was.
There
was
a
we
found
a
bit
of
an
error
in
terms
of
how
things
were
calculated
in
the
amount
of
excess
funds
at
the
end
of
the
of
the
budget,
so
there's
105
million
dollars
each
year
to
the
kers
non-hazardous
pension
system.
A
In
addition
to
what
we
had
previously
appropriated
there,
sections
19
and
20
once
again
deal
with
the
cannabis
stuff
that
representative
mosher
addressed
section
21,
just
further
defined
some
stuff
down
in
clay
county
for
a
project
that
we
had
allocated
for
in
the
budget
section
three.
There
was
I'm
sorry
page
22,
paragraph
three
was
a
request
from
the
governor's
office
related
to
some
wording
on
the
health
insurance.
A
Section.
Eight
makes
sure
that
we
don't
get
in
the
business
of
setting
up
a
basic
health
plan
and
paragraph
nine
page
22
is
volunteers
of
america.
We
want
just
a
clean
up
language
that
we
always
intended
that
was
headed
to
lincoln
county.
This
just
verifies
that
it
is.
If
you
go
on
to
page
22,
there's
some
shifts
in
terms
of
debt
service
that
were
generated
by
the
changes
that
I
described
previously
and
the
state
fair
board.
A
B
A
A
Sir
garvey
votes,
I
mean,
I
believe
that
was
nine.
I
votes.
One
neigh
vote
measure
passes
with
favorable
expression.
There
is
a
title
amendment
at
this
time.
The
chair
will
entertain
a
motion
on
the
title
amendment
by
senator
gibbons.
Do
I
have
a
second
second
by
senator
douglas
all
those
in
favor
signify
by
saying
aye
oppose
like
sign
guys.
Have
it
very
well
all
right,
reps
and
motors
since
you're
here,
let's
just
knock
out
573.
At
the
same
time,.
C
Perfect.
Thank
you,
mr
chair.
I
am
representative
kim
mosher
state
representative
for
the
64th
district
for
the
record
and
appreciate
the
opportunity
again
to
discuss
house
bill
573.
This
is
the
health
care
professional
loan
forgiveness
program.
What
this
does
is
establishes
a
much
needed
recruitment
and
retention
loan
forgiveness
program,
a
tool
for
health
care
workers
in
rural
and
underserved
areas,
kentucky
by
providing
financial
incentives
to
attract
and
retain
health
care
workers
and
providers.
It
immediately
addresses
the
access
to
care
issue
and
health
care
worker
shortage
with
a
long-term
policy
solution.
D
C
C
What
this
does
is
expands
that
framework,
and
it
does
require
that
any
health
care
worker
who
has
their
loan
forgiven
would
work
for
two
years
in
an
underserved
area,
as
the
kentucky
office
of
of
rural
health
determines
through
an
assessment
need
and
the
the
details
of
that
will
be
left
to
the
office
of
rural
health,
but
what
what
they
envision
is
creating
a
certain
number
of
slots
in
certain
areas
so
that
it's
really
not
open
to
interpretation
on
the
part
of
the
provider.
So.
C
A
And
I
I
did
fail
to
mention
that,
there's
a
sub
all
the
sub
does.
Is
it
takes
the
money
out
of
the
end
of
this
one?
That's
the
only
change,
because
the
money
is
in
the
budget
already.
C
A
Right,
so,
if
I
could
have
a
motion
on
the
sub,
senator
gibbons
have
a
second
caslin.
I
was
in
favor
signify
by
saying
I
those
like
sign
the
ice
habit.
All
right,
senator
carol.
D
Thank
you
and
representative
mosher
appreciate
the
bill.
What
fields
does
this
cover
under
the
definition
of
health
care
worker.
C
So
initially
this
started
with
a
loan
forgiveness
program
for
physicians
only
and
it
has
been
expanded
to
nurses,
audiologists,
aprns,
social
workers,
you
name
it.
We
have
tried
to
address
all
of
the
high
need
areas
and
again
the
kentucky
office
is
of
rural
health
is
working
with
us
on.
This
has
worked
with
us
to
determine
those
high
need
areas,
so
it
does
expand
the
health
care
workers
would.
D
It
cover
eligible
the
certification
for
a
cna.
C
Cna
is
a
different
certification.
This
covers
any
four-year
degree
or
above
okay,.
A
C
A
A
Once
again,
there
is
a
committee
substitute
to
this
bill
that
I
will
explain.
Can
I
have
a
motion
on
the
senate
committee
substitute
senator
carroll?
Do
I
have
a
second
senator
west,
all
those
in
favor
signify
by
saying
aye
close
like
sign
the
eyes?
Have
it
okay?
So
this
one?
Actually,
this
is
just
the
clean
up
to
the
revenue
bill
that
we
had
previously
passed.
Pretty
simple
section.
A
One
strictly
relates
to
the
fee
paid
for
a
collection
of
the
cigarette
tax,
raising
that
up
to
one
and
a
half
cents
per
20
cigarettes,
section
two
does
a
number
of
things.
First
of
all,
it
adds
an
additional
year
of
data
collection
related
to
the
implementation
of
house
bill
8..
A
It
moves
the
electronic
or
the
electric
vehicle
tax
and
fees
to
2024,
which
was
always
our
intent
anyway,
and
then,
lastly,
it
conforms
with
the
2021
irs
code,
which
a
lot
of
you
will
recall.
One
of
the
big
sources
of
consternation
was
that
restaurants
actually
had
a
different
funding
source
for
their
ppp
type
loans
than
the
rest,
and
this
just
brings
us
into
conformance
as
it
relates
to
those
folks.
A
A
A
A
A
Okay,
so
there
is
no
sub.
So
let's
hear
about
the
bill.
G
I'm
tony
tubes
with
advantage
capital
and
the
rural
jobs
coalition.
E
So
we're
excited
to
be
here
today
to
present
house
bill
308.
So
this
is
the
kentucky
rural
jobs
fund
and
it
creates
funds
that
enables
the
state
to
partner
with
participating,
federal,
licensed
small
business
companies
and
then
also
rural
business
investment
companies,
and
it
establishes
a
total
fund
of
100
million
dollars.
E
E
E
E
Several
of
you
were
on
that
committee,
so
I
won't
go
back
through
that,
but
there
are
success
stories
and-
and
if
you
have
questions
be
glad
to
cover
those,
let
me
just
wrap
up
by
saying
that
this
is
has
the
endorsement
in
support
of
the
kentucky
association
of
economic
development,
kentucky
farm
bureau,
our
commissioner
of
agriculture,
ryan,
quarles
and
many
local
economic
development
organizations
that
support
house
bill
308.
F
F
F
F
It's
no
longer
it's
in
the
budget.
What
we're
laying
out
for
you
in
house
bill
308
is
road
map
on
the
expenditures
of
monies
that
is
already
in
the
budget
that
has
already
passed,
and
this
is
a
road
map
for
opportunities
for
not
just
eastern
kentucky,
but
rural
areas
and
and
areas
of
cities
that
are
are
struggling
as
well.
We
don't
want
to
leave
anybody
out.
F
We
want
everybody
to
have
the
opportunity
now
you're
going
to
hear
people,
that's
going
to
say:
oh
well,
only
the
the
big
out
of
state
investors
are
going
to
make
money
on
that.
Well,
that's
not
true!
That's
not
true
at
all.
F
As
a
matter
of
fact,
any
investors
in
the
commonwealth
of
kentucky
that
are
licensed
can
apply
and
participate
the
same
as
from
any
other
state.
The
opportunities
there
all
we're
looking
for
is
a
way
to
invest
in
our
rural
communities
that
are
in
need
of
help.
As
a
matter
of
fact,
over
the
weekend
I
talked
with
someone
that
was
looking
for
that
extra
capital.
F
I
was
telling
about
this
piece
of
legislation
and
they
were
excited
hoping
it
would
get
passed
because
they're
wanting
to
start
a
business
and
they
need
the
capital
to
do
it
in
my
area,
and
so
this
is
that
opportunity,
one
of
those
opportunities
I
stood
on
the
floor
a
few
weeks
ago
and
begged
for
begged,
for
help
pleaded
for
help
not
handouts
hand.
Ups,
helping
us
to
get
on
our
feet
to
allow
our
people
to
work
to
make
a
good
living
and
raise
their
children.
F
I
vote
all
the
time
for
areas
all
across
this
state
to
have
opportunities
probably
would
add
up
to
the
billions
of
dollars.
I've
voted
in
support
of
I'm
coming
asking
you
one
time
now
to
vote
in
support
of
bringing
opportunities
that
a
portion
of
can
come
to
my
area
to
give
some
people
some
hope
and
opportunities
with
that
I'll
turn
it
over
to
mr
troops.
Thank
you
before
we
do.
A
Real
quick
representative,
you
did
bring
up
a
good
point
there,
because
we
do
hear
a
lot
about
out-of-state
investment
in
this,
which
clearly
is
the
opportunity
to
occur,
and
that's
fine.
But
under
paragraph
six
of
section
two
there's
a
pretty
strict
definition
of
these
types
of
funds.
Do
we
have
an
idea
of
how
many
kentucky
companies
qualify
as
one
of
those
funds.
G
Sorry
good
morning,
mr
chairman
yeah
there,
the
federal
license
requirement
for
the
aspect
of
the
arabic
there's
over
300
companies
nationally.
We
do
know
that
there
is
a
kentucky
based
fund
that
would
qualify
known
as
mountain
venture
incorporated,
but
the
what
we've
seen
like
in,
for
example,
if
I
may,
in
in
georgia,
for
example,
which
has
a
great
track
record.
G
There
are
five
companies
from
around
the
country
invested
their
own
capital
to
alongside
the
tax
expenditure,
to
bring
a
growth
of
jobs
in
rural
areas
of
the
state
and
based
on
the
actual
payrolls.
Georgia.
Tech
did
an
analysis
last
month
that
showed
that
2
300
jobs
had
been
created
and
supported,
and
that
that
was
putting
positive
revenues
back
into
the
general
fund
of
georgia,
which
is
the
nexus
here.
If
I
may,
I
don't
mean
to
go
beyond
the
scope
of
the
question,
but
if,
if
I
can
keep
going,
I
will
we.
A
G
Thank
you.
I
just
want
to
say
real
quickly.
As
representative
blanton
representative
heath
have
said,
this
bill
really
is
the
culmination
of
20
years
of
state
and
federal
experience.
It
started
as
a
bipartisan
bill
in
the
u.s
senate,
known
as
new
markets
was
one
of
those
back
in
the
days
when
bipartisanship
got
things
done.
Jim
demint
was
the
floor
leader.
G
It
is
a
iteration
if
you
will,
of
new
markets
that
focuses
on
rural
to
help
that,
because
rural
is
the
hardest
and
most
expensive
place
to
identify
good
companies,
invest
in
them
and
then
make
sure
that
they
succeed
and
one
of
the
key
gatekeeping
items
here
is
that
at
the
time
of
the
application,
the
the
federally
licensed
applicants
that
are
agreeing
to
come
in
and
match
their
own
dollars
with
the
state
money
have
to
do
a
business
plan.
G
That
shows
and
commits
to
a
specific
job
creation
number
and
the
legislation
allows
the
regulator
to
determine
what
that
number
should
be.
Ultimately,
so,
there's
discussion
of
having
the
business
plan
go
through
an
econometric
model
that
then
will
show
the
jobs
and
the
specific
jobs
are
so
important
and
critical,
because
that
is
what
drives
new
revenues
to
the
general
fund,
and
the
key
is
that
at
the
end
of
the
investment
period
and
the
analysis
period
10
years
in
total,
because
this
is
long-term
investing.
This
is
not
short-term
transactional
type
activity.
G
We
have
to
make
those
investments
in
compliance
with
the
law
within
two
years,
and
these
investments
are
hard
to
identify.
It
takes
a
lot
of
work
to
underwrite
them,
properly,
make
sure
we're
being
good
stewards
of
the
public
contribution,
plus
our
own
contribution.
Our
interests
are
aligned
here
so
within
two
years,
if
we
don't
make
compliant
investments,
as
it
says
in
the
bill
that
we
forfeit
the
money,
the
state
money,
we
have
to
pay
it
back
immediately.
G
So
we
have
24
months
to
do
that
and
then,
during
the
next
period
of
time
we
have
to
invest
up.
We
have
to
invest
150
percent
of
the
total
capital,
so
it
goes
from
100
million
to
150
million,
and
that's
because
of
the
reinvestment
requirement.
We
are
required-
and
it's
also
subject
to
forfeiture,
I.e
clawback-
that
if
we
don't
maintain
at
least
100
percent
of
the
capital
that
we've
been
allocated,
our
own
capital
plus
the
state
capital,
then
the
state
contribution
is
again
forfeited,
also
known
as
the
clawback.
G
At
the
end
of
the
compliance
period,
when
we
just
submit
to
the
state
that
we
are
prepared
to
exit
the
program,
there
is
a
formula
so
for
every
job.
We
shortfall
on
that
upfront
commitment.
We
pay
money
back
at
the
end
of
the
day,
we
stand
to
lose
all
of
our
own
money
plus
have
to
pay
the
state's
money
back,
which
is
a
significant
penalty.
G
The
number
of
states
have
reauthorized
these
programs
repeatedly.
Ohio
has
this
exact
program,
which
was
reauthorized
last
year.
Utah
has
this
exact
program
which
was
reauthorized
this
year,
both
by
republican
legislatures
and
administrations?
The
georgia
program
was
authorized
in
2017
we're
still
working
on
the
renewal.
G
The
factual
outcome
in
georgia
has
been
incredible.
I
think
the
representative
heath
alluded
to
the
joint
interim
ag
committee
heard
from
the
cfo
of
one
of
the
georgia
companies,
who
is
a
great
success
story.
He
testified
that
they
couldn't
raise
the
money
to
buy
the
new
equipment
they
needed
once
they
were
able
to
do
that
through
the
georgia
program,
because
the
banks
had
turned
them
down
because
they
were
in
a
state
where
they
weren't
cash
flow
positive.
G
But
we
decided
that
it
was
an
appropriate
use
of
funds
and
risk
and
it's
now
become
a
huge
success.
They've
raised
700
million
dollars
above
and
beyond
us
because
our
investment
was
six
and
a
half
million
under
the
georgia
program,
but
they're
able
to
bring
new
investors
into
their
program
into
their
business.
Rather,
it's
called
dynamer
scientific
in
bainbridge,
georgia
and
okay.
So
again,
promotion.
G
A
D
D
By
the
number
of
applicants,
so
so
this
is
in
the
budget,
so
it's
in
the
two-year
budget
as
far
as
reporting
back
to
us
to
see
if
this
is
working
in
two
years,
who's
going
to
do
that
and
how
does
that
work?
Sure.
G
D
G
Do
you
want
to
in
the
in
the
bill?
There
are
reports.
First
of
all,
the
funds
can
tell
ask
the
cabinet
or
to
have
to
tell
the
cabinet
up
front
where
they're
putting
the
money,
then
once
they
make
the
investment
they
report
back
to
the
cabinet.
I
think
it's
the
joint
interim,
a
r
committee
and
then
their
annual
updates
on
those
reports
and
there's
also
a
plenary
regulatory
authority
to
the
cabinet
in
the
legislation
so
that
they
can
make
additional
requirements
that
they
want.
They
also
have
the
right
to
audit
subpoena
etc.
H
H
G
It
luckily
very
low,
very
low,
like
I'd,
say
less
than
five
percent.
You
know
it's
like
we
discussed
the
other
day
center.
It's
like
a
baseball
game.
We
have
base,
hits
by
and
large
there'll
be
an
occasional
strikeout
and
they'll,
be
occasional
home
run
and
remember.
At
the
end
of
the
day,
the
funds
are
the
ones
responsible
to
the
state
for
creating
the
jobs
and
sustaining
the
jobs
and
will
be
liable
for
the
financial
penalties
and
repayment.
G
That's
why
you
have
well-qualified
funds
so
that,
if
we
do
have
we,
if
we
sustain,
say
it's
like
a
portfolio,
if
one
company,
for
example,
does
not
succeed,
we
are
it's,
then
incumbent
on
us
to
go
out
and
find
the
companies
that
make
up
the
loss
and
then
more
to
make
the
state
whole
with
the
job
creation.
So.
H
Walk
me
through
you:
have
the
bill
language
there
in
front
of
you
walk
me
through
the
formula
as
it
relates
to
jobs,
because
you
indicated
in
your
in
your
earlier
testimony-
and
I
think
I
found
the
language,
maybe
on
page
14.
H
Yes,
sir
related
to
jobs
in
the
numerator
and
denominator,
but
walk
me
backwards
briefly
through
the
legislation
from
your
jobs
requirement
and
I'll
go
ahead
and
just
ask
my
question.
As
I
read
the
legislation,
the
only
connection
to
jobs
is
in
your
application
to
the
cabinet.
You
have
to
tell
the
cabinet
in
your
application
the
number
of
jobs
you
intend
to
create
or
retain,
and
and
I'm
I'm
not
intending
to
be
argumentative
or
harsh.
H
G
G
G
G
G
H
So
if,
if
your
fund
were
to
get
an
allotment
out
of
this
portion
of
monies,
let's
say
out
of
state
funds-
five
million
dollars
under
this
language-
you
have
to
match
that
with
five
million
of
investor
money
correct,
then
you
have
to
show
a
business
plan
to
the
state
that
says
the
state
is
going
to
get
back
more
than
five
million
dollars
correct,
excellent,
correct
now
I
guess
my
largest
concern
and-
and
I
talked
some
with
you
about
this-
and
we
had
some
conversation
about.
It-
is
the
definition
on.
H
And
lots
of
definitions,
definition
bottom
of
page
three
growth
zone
includes
a
b
and
c
rural
county
very
loosely
defined,
no
criticism,
just
an
observation,
rural
county
population,
less
than
50
000.
We've
got
a
lot
of
counties
that
are
that
way
that
are
still
hardly
rural,
but
that's.
Okay.
My
biggest
concern
is
the
underemployment
zone.
G
Sure
I
can
speak
specifically
unemployment
zone.
That
was
a
concern
of
a
member
several
years
ago,
prior
to
the
covid,
recession,
etc,
and
I
think
the
underemployment
zones
are
now
coextensive
with
the
rural
counties
and
the
opportunity
zones,
so
I
think
it's
kind
of
a
moot
it's
it's
sort
of
it
doesn't
necessarily
add
to
the
geographic
footprints.
What
I'm
trying
to
say
and
the
you
know
this
is
this-
is
going
to
be
at
this
point.
A
I
I
think
and
echo
the
comments
of
senator
gibbons.
Obviously
we
want
jobs,
not
just
in
in
all
over
kentucky,
but
in
eastern
kentucky
in
particular,
and
I
understand
where
you're
coming
from
representative
clinton,
it's
from
my
mom's
family's
from
her
maiden
name
is
morgan.
You
might
know
a
few
of
them
running
around
over
there.
So
I'm
concerned
too,
with
what
senator
gibbons
pointed
out.
I
G
I
G
Absolutely
incorrect.
That's
a
misunderstanding
of
the
how
these
laws
have
worked
elsewhere
and
what
this
law
says.
So,
by
definition,
we
can
only
invest
in
companies
that
have
their
principal
place
of
business
in
rural
and
opera,
rural
counties
and
opportunity
zones.
G
The
econometric
model
referred
to
the
way,
those
work
that
the
cabinet
is
familiar
with
and
we'll
make
the
selection,
whether
it's
remy
or
implant,
or
something
else
will
be
kentucky
based
jobs,
creating
kentucky
based
revenue.
So
if
someone
were
to
make
an
investment
like
you
described,
that
would
be
subject
to
immediate
clawback.
Forfeiture.
H
I
I
believe
that's
what
the
legislation
is
intended
to
do,
and
I
want
the
legislation
to
do
that.
My
fear,
of
course,
is
you
can
organize
your
principal
place
of
business
on
paper
just
about
anywhere.
You
want
it
to
to
take
advantage
of
certain
programs
like
this.
You
can
form
an
llc
in
kentucky
state
at
your
principal
place
of
business.
Have
your
employees
elsewhere
in
a
kentucky
based
company,
and
I
I'm
have.
I
have
some
of
the
same
concerns
that
senator
gibbons
does
all
right.
I'm
gonna.
A
I'm
gonna
ask
one
more
question,
then
I
gotta
get
opposition
testimony
and
then
we're
gonna
move
along
the
vote.
So
mr
troops
help
me
understand
this
here.
So
the
only
time
I
believe
the
jobs
actually
come
into
effect
is
when,
after
five
years,
you
want
to
make
a
distribution
that
would
otherwise
be
in
excess
of
the
investment
authority.
A
Excuse
me,
otherwise
you
can
make
that
distribution
up
to
the
amount
of
the
investment
authority,
the
job,
the
accountability
side
of
the
jobs
comes
after
you
distribute
above
the
investment
authority.
Is
that
correct?
That's
correct?
Yes,
sir
okay
and
the
investment
authority
includes
the
funds,
investment
plus
the
state's
investment,
so
in
essence
there's
a
50
million
hypothetically.
If
you
had
one
fund
with
all
of
the
money
and
it
would
be
50
million,
plus
50
million,
you
would
have
to
then
distribute
in
excess
of
a
hundred
million
before
the
accountability
triggers
for
the
jobs
were
triggered.
G
That's
correct:
I
can
explain:
that's
the
profits
so
when
you're,
when
you're
below
that
level,
you're
not
at
a
profit
level.
So
there's
you
know:
debt
service
on
the
entire
funds,
there's
overhead,
there's
expenses,
etc
and
like
new
markets,
new
markets,
for
example,
federal
law
only
requires
85
percent
investment.
G
This
legislation
amps
that
up
to
a
hundred
percent
within
two
years
and
then
150
percent
at
the
time
you're
talking
about
so
there's
an
extra
added
level
of
focus
on
investment
and
the
job
creation
numbers
in
order
to
get
to
a
point
where
it's
been
worthwhile
for
us
and
the
state.
Otherwise
we're
looking
at
having
wasted
our
time
and
not
made
any
money
or
not
made
any
profits.
G
A
G
H
H
G
The
draft
I
have
is
page
14.,
you
look
at
sections
six
and
seven,
that's
where
it
ties
together,
very
good.
That's
what
I
needed.
A
J
Thank
you
so
much
for
allowing
me
to
be
here
this
morning.
My
name
is
pam
thomas
and
I
work
for
the
kentucky
center
for
economic
policy,
and
before
that
I
know
many
of
you,
because
I
spent
over
20
years
actually
staffing
this
committee
and
one
of
the
favorite
things
that
I
liked
about
my
job
when
I
worked
here,
was
working
with
legislators,
trying
to
make
the
words
of
a
bill,
understand
or
match
their
intentions,
and
sometimes
that's
hard.
J
So
I'm
really
really
focused
on
and
spent
many
years
drafting
bills
and
paying
attention
to
words
and
what
they
really
say
and
listening
to
legislators
and
what
they
say
what
they
want
to
accomplish
and
trying
to
put
those
two
things
together.
That
was
one
of
my
primary
goals
and
actually
that's
what
I
really
really
miss
in
not
working
for
the
legislature.
J
So
as
and
the
other
thing
I
want
to
say
before
I
start
in
that
and
I'll
be
as
brief
as
I
can,
and
succinct
as
I
can
is
that
I
think
that
representative,
blanton
and
representative
heath
are
dead
on
in
what
they
say
about
the
needs
for
rural
kentucky.
I've
been
looking
at
what's
happening
with
tax
bases.
I've
been
looking
at
what
what's
been
happening
with
their
property
tax
bases
in
some
of
those
counties
in
eastern
kentucky.
They
have
a
collection
rate
that
is
25
percent
people
aren't
paying
their
taxes.
J
So
when
you
think
about
that,
they
really
are
in
a
horrible
situation:
they're
losing
population
they're
losing
revenue,
and
I
do
believe
that
there
is
a
crisis
coming
for
counties
in
kentucky
because
of
all
of
these
things
with
revenue.
So
I
completely
support
what
they're
trying
to
do
with
this
bill
and
the
understanding
that
they
need
to
invest
in
rural
communities
in
kentucky.
But
unfortunately,
this
bill
is
currently
written.
J
Doesn't
really
do
that
as
senator
or
as
representative
blanton
mentioned
house
bill
308
has
been
a
tax
credit
until
now
and
now
it's
an
appropriation-
and
that
makes
it
even
more
concerning
honestly,
so
I'm
going
to
focus
first
on
three
kind
of
overarching
things
and
then
I'm
going
to
walk
you
through
what
would
happen
or
what
could
happen
under
the
words
in
the
bill
if
a
fund
gets
money.
So,
as
mr
toop
said,
there
is
a
consortium
of
five
or
six
companies
that
sort
of
promote
this
legislation
nationwide
in
the
states.
J
J
The
second
thing
that
I
want
to
mention
is
that
there
really
is
no
discretion
in
the
words
of
the
bill.
If
a
company
does
submit
all
of
the
required
paperwork,
there
is
no
requirement
that
there
be
positive
jobs
in
the
bill
now,
even
if
they
said
10
or
12
jobs,
which
isn't
very
many
jobs,
and
there
is
no
discretion
that
I
can
see
in
the
bill
that
the
cabinet
could
require
that,
because
there's
a
specific
provision
in
the
bill
that
says
that
the
cabinet
can't
reject
an
application
that
meets
all
of
the
requirements.
J
Above
so
I
don't
see
any
discretion
that
the
cabinet
could
actually
require
that
or
reject
an
application,
and
then
talking
for
a
minute
about
that
business
plan.
It
dictates
exactly
how
that
business
plan
has
to
be
determined
and
how
the
revenues
have
to
be
determined.
So
that
tells
me
that
again,
the
cabinet
has
no
discretion
to
require
other
things
and
it
takes
into
account
savings
by
the
state.
J
It
uses
a
dynamic
scoring
model
and
it
would
be
very
difficult
over
10
years,
using
a
dynamic
scoring
model,
taking
into
account
savings
by
the
state
which
I'm
guessing.
I
don't
even
really
know
what
that
is,
but
the
other
thing
to
keep
in
mind
with
that
is
that
the
independent
third
party
consultant
is
paid
by
the
entity
that
is
filing
the
application
to
get
the
incentives
in
kentucky.
J
The
last
thing
that
I
want
to
mention
before
I
walk
you
through
what
would
happen
if
the
bill
passes
is
that
you
know
the
two
words
that
are
in
the
name
of
the
bill
are
jobs
in
rural.
So
let's
talk
about
rural
for
just
a
minute.
J
The
way
that
the
population
is
defined,
101
out
of
the
120
counties
in
kentucky
qualify,
then
there
are
three
other
counties
added
because
of
poverty
guidelines.
Those
are
a
little
bit
bigger,
but
then,
when
you
bring
the
opportunity
zones
in
every
single
county
in
kentucky
except
oldham
county,
you
can
invest
in
and
the
reason
why
is
because
oldham
county
doesn't
meet
the
population
guidelines,
the
poverty
guidelines
and
has
no
opportunity
zones.
I'm
not
sure
why.
J
But
in
any
event,
it's
not
really
focused
on
rural.
So
I
want
to
just
now
very
quickly
walk
you
through
the
process.
If
the
bill
passes
and
what
happens
so,
the
application
is
submitted.
Let's
just
assume
it's
these
five
companies,
the
amount
of
money
is
divided
among
those
five
companies
and
they
all
get
their
allocation.
Then
they've
got
a
very
short
period
of
time,
60
days
to
go,
get
their
investment,
their
investors
and
report
back
to
the
cabinet.
That
they've
got
those
investors
and
then
what
happens?
J
Is
they
get
a
check
from
the
state
for
the
state
portion
of
that
and
they
don't
have
to
invest
in
one
business
in
kentucky
for
up
to
two
years.
So
what
that
means
is
you're
going
to
be
in
session
two
more
times
before
the
first
investment
would
have
to
be
made
by
any
of
them
in
kentucky.
So
what
happens
during
that
two
years
to
the
state
money?
Well,
whatever
they
want,
I
mean
they
can
invest
in
marketable
securities.
They
can
invest
in
companies
in
other
states.
J
J
J
They
do
a
couple
of
one-year
loans
in
kentucky
and
after
the
so
that's
that's
year,
two
to
three
expiration
of
the
loan.
They
get
the
money
back.
What
the
law
says
is
that
then
they've
got
another
entire
year
before
they
have
to
invest
in
kentucky
again.
So
what
happens
to
money
during
that
entire
year?
Whatever
they
want,
then
let's
say
they
do
another
set
of
those
kinds
of
loans
after
the
fifth
year
they
don't
have
to
reinvest
in
kentucky.
So
in
short,
what
this
does
when
you
actually
read
the
words
of
the
bill.
J
Oh
the
other
thing
I
wanted
to
mention
is
after
six
years
they
can
get.
They
can
ask
to
get
out.
Well,
remember
the
analysis
spans
ten
years,
but
after
six
years
they
can
they
can
and
and
the
way
that
the
bill
is
drafted,
there's
actually
a
conflict
in
it
because
it
says
that
if
you
get
out
you
have
to
be
allowed
to
get
out.
If
you
meet
all
these
requirements,
you
just
keep
100
invested
and
then
once
you
get
out,
the
law
doesn't
apply
to
you
anymore.
J
It
specifically
says
that,
but
then
there's
a
clawback
provision
that
says
that
before
he
distributed
150
or
you
have
to
have
invested
150
before
you
can
distribute,
but
the
kicker
is
you're
out
of
the
fund.
When
that
happens
and
there's
provision
that
says
the
law
no
longer
applies
to
you.
So
it
creates
a
conflict.
J
In
short,
what
what
this
bill
does
is.
It
gives
complete
authority
over
the
investments
in
kentucky
to
companies
that
by
and
large
will
not
be
located
here.
Maybe
that
one
kentucky
company
will
apply
and
they
decide
I
mean
they
can
do
whatever
they
want.
There's
a
lot
more
that
I
could
say
about
the
words
in
the
bill,
but
I
know
the
time
is
limited.
J
A
A
A
E
E
Maybe
they
should
have
written
the
bill
and
then
real
job
programs
have
a
successful
track
record,
proven
to
save
companies
and
create
jobs,
and
we
can
supply
you
with
that
track
record.
We've
talked
just
briefly
about
them
today,
so
obviously,
I'm
still
on
board
with
the
bill,
and
we
could
encourage
passage.
A
I
K
K
But
again,
50
million
dollars
in
real
scheme
of
things
is
not
that
much
money
and
I
think
the
return
the
potential
return
could
be
astronomical.
It
truly
can
you
know
we
don't
look
at
just
creating
jobs,
but
lifting
people
up
in
the
community.
You
know
we
look
at
tax
from
new
jobs,
but
we
don't
look
at
the
benefit
of
reducing
the
entitlement
benefits
that
we're
so
we're
so
encumbered
by
and
with
this
being
a
essence,
a
two-year
bill.
K
I
think
there's
opportunities
to
improve
upon
it
and,
quite
truthfully,
I
think
we
can
and
possibly
come
back
in
in
two
years
from
now
and
do
another
bill
that
expands
upon
this.
I
would
hope
we
could,
but
we
have
to
address
this.
You
know
a
lot
of
people
talk
about,
they
see
poverty,
but
they
don't
know
poverty
and
for
the
last
two
years
we
have
fought
this.
K
This
covert
crisis
and
it's
been
terrible,
but
the
impact
of
that
pills
in
comparison
to
poverty
and
we
keep
making
this
distinction
about
eastern
kentucky
and
the
rest
of
state
and
what
we've
seen
for
this
last
census
census
is
it's
widespread.
Just
like
covert
has
been
it's
in
every
county
in
our
state
but
most
pronounced
in
rural
communities,
and
I
bet
to
see
anybody
come
with
the
comprehensive
plan
about
how
we're
going
to
address
poverty
in
kentucky,
and
I
might
hope,
if
nothing
else,
this
becomes
a
platform
for
that.
K
I
appreciate
there
may
be
some
risks,
but
again
the
companies
if
they
want
to
take
advantage
of
this
not
to
the
advantage
of
kentucky,
then
it's
going
to
be
your
reputation,
it's
going
to
be
their
future
they're,
going
to
be
locked
out
everywhere
else.
So
again
I
recognize
the
risk,
but
I
think
the
upside
potential
is
is
tremendous.
So
again,
I
vote.
D
Explain
my
vote
briefly,
sir.
I
normally
don't
like
to
take
this
kind
of
risk,
but
I
have
faith
in
you
all.
K
And
senator
meredith
is
squeezing
me
and
pinching
me
over
here,
so
I'm
going
to
vote.
Yes.