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Finance and Administration Cabinet
TIF commission to meet
FRANKFORT, Ky.—The State Tax Increment Financing Commission (STIFC) will meet on Wednesday, July 25, 2007 at 2 p.m. EDT in Room 149 of the Capitol Annex.
Agenda
Call to Order
I. Welcome and Introduction—Secretary Mike Burnside, Chair
II. Swearing In of Members—David Fleenor, Governor’s General Counsel
III. Approval of Minutes from June 6 STIFC Meeting—Secretary Mike Burnside, Chair
IV. Approval of By-Laws—Secretary Mike Burnside, Chair
V. Presentation and Approval of Administrative Regulations—John May, Revenue Commissioner; Laura Ferguson, Staff Attorney Office of General Counsel.
1. 103 KAR 50:040 General Administration
2. 103 KAR 50:030 Commercially Reasonable Limits on Financing Costs
3. 103 KAR 50:020 Application for State Participation in Tax Increment Financing Projects
a. TIF Application—Program for State Real Property Ad Valorem Tax Revenues
b. TIF Application—Program for Mixed Use Redevelopment in Blighted Urban Areas
c. TIF Application—Signature Project Program (pre 1.01.08)
d. TIF Application—Signature Project Program (post 1.01.08)
VI. Discussion of Future Meetings—Secretary Mike Burnside, Chair
VII. Other Business
VIII. Adjournment
HB 549, enacted by the 2007 General Assembly, established the STIFC, which is responsible for reviewing and approving all applications for state participation. Members of the commission include the Secretaries of the Finance and Administration, Economic Development and Commerce cabinets, the State Budget Director, the chairperson of the Kentucky Economic Development Finance Authority board, and the deans of the business schools at the University of Kentucky and the University of Louisville.
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