Alternate Energy Development Fund (Kentucky)
Last modified on February 12, 2015.
|Applies to States or Provinces||Kentucky|
|Name||Alternate Energy Development Fund (Kentucky)|
|Policy Type||Industry Recruitment/Support|
|Affected Technologies||Geothermal Electric, Hydroelectric, Hydroelectric (Small), Solar Photovoltaics, Wind energy|
Kentucky Administrative Regulations Title 115 chapter 2 establishes the alternative energy development fund under the authority of the Kentucky Energy Cabinet. The goal for the use of the alternate energy development fund is to encourage and promote the development, implementation and construction of alternate energy projects in the Commonwealth. Funding cycle(s) during which applications will be received for the program will be announced. A deadline for proposals will be established and advertised through appropriate newspapers to effect statewide coverage. Interested parties will be notified about the program upon request to the Kentucky Energy Cabinet. In addition workshops to explain the program are anticipated and will be held as appropriate. More than one (1) funding cycle is anticipated, but this will be dependent upon the continued existence of available funds for the program. Each loan and/or grant proposal must involve the research, development, implementation, operation and/or construction of an alternate energy project. Also, projects of renewable resources must be designated within one (1) or more of other categories: Biomass, Geothermal, Hydropower, Solar and Wind. Proposals must detail all costs and financing information. To insure proper use of funds, successful applicants will be held accountable for project expenses in a manner acceptable to the Kentucky Energy Cabinet. Records, receipts, and vouchers, etc., for the selected projects are subject to audit. Documentation of reliable credit must be furnished with all loan applications. A separate bank account for each project is required. A grant or loan recipient will be required to submit to the Kentucky Energy Cabinet quarterly reports on projects in progress and a final report within three (3) months after completion of the project. Quarterly reports following a format designated by the Kentucky Energy Cabinet will show progress of project, schedule, and financial activities. The final report will emphasize results and other activities associated with the project. The Kentucky Energy Cabinet anticipates that new technology and considerable valuable data will be generated through the use of program funds. The cabinet encourages inventors to seek patents for and to commercialize their inventions and technology. The cabinet will not interfere with an inventor seeking patent protection, but the inventor will be responsible for filing and prosecution of any patent applications. The Kentucky Energy Cabinet reserves the right to use and disseminate all information, data, and technology derived from use of program funds to the extent such information and technology is not protected by any claim of confidentiality. Any data which are released from confidential status may then be used or disseminated by the cabinet in any way it deems appropriate.
|Contact Name||Kate Shanks|
|Department||Department for Energy Development and Independence|
|Division||Division of Renewable Energy|
|Address||500 Mero Street, Mero Street, 12th Floor, Frankfort, KY, 40601|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||Kentucky Administrative Regulations Title 115, Chapter 2|