Tourism Development Finance Authority definition

Tourism Development Finance Authority means the authority established by KRS 148.850.
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Examples of Tourism Development Finance Authority in a sentence

  • The total amount of tax credits authorized by the Tourism Development Finance Authority during the fiscal year 2011-2012 shall not exceed seven million five hundred thousand dollars ($7,500,000).

  • The total amount of tax credits authorized by the Tourism Development Finance Authority during fiscal year 2010-2011 shall not exceed five million dollars ($5,000,000).2.

  • Upon review of the application and any additional information submitted, the office shall present the application and its recommendation to the Tourism Development Finance Authority established by KRS 148.850 which may, by resolution, authorize the execution of a tax incentive agreement between the Tourism Development Finance Authority and the approved company.(b) 1.

  • Other than the suggestions put forth in the Task Force recommendations (i.e. more accurate margin and valuation levels, potentially netting of exposures by DTCC and/or utilization of a central liquidation agent), nothing additional can be seen at this time.

  • If the Cabinet concludes that the project is likely to meet these criteria, “the secretary of the cabinet may submit a written request to the [Kentucky Tourism Development Finance Authority (“Authority”)] for a preliminary approval of the eligible company and the tourism development project.” KRS 148.855(3)(b).Upon receiving the Secretary’s request, the Authority “may … grant preliminary approval to an eligible company.” KRS 148.855(4).

  • The Tourism Development Finance Authority may accept applications, authorize the execution of tax incentive agreements, and enter into tax incentive agreements beginning on June 26, 2009; however, no credit amount shall be claimed by the taxpayer as a refund or paid by the Department of Revenue prior to July 1, 2010 .

Related to Tourism Development Finance Authority

  • Research and development facility means an establishment engaged in laboratory, scientific, or experimental testing and development related to new products, new uses for existing products, or improving existing products. The term does not include an establishment engaged in efficiency surveys, management studies, consumer surveys, economic surveys, advertising, promotion, banking, or research in connection with literary, historical, or similar projects.

  • Research and development means (1) theoretical analysis, exploration, or experimentation; or (2) the extension of investigative findings and theories of a scientific or technical nature into practical application for experimental and demonstration purposes, including the experimental production and testing of models, devices, equipment, materials, and processes. Research and development does not include the internal or external administration of radiation or radioactive material to human beings.

  • Michigan economic development corporation means the public body corporate created under section 28 of article VII of the state constitution of 1963 and the urban cooperation act of 1967, 1967 (Ex Sess) PA 7, MCL 124.501 to 124.512, by a contractual interlocal agreement effective April 5, 1999, as amended, between local participating economic development corporations formed under the economic development corporations act, 1974 PA 338, MCL 125.1601 to 125.1636, and the Michigan strategic fund. If the Michigan economic development corporation is unable for any reason to perform its duties under this act, those duties may be exercised by the Michigan strategic fund.

  • Nodal Ministry means the Ministry or Department identified pursuant to this order in respect of a particular item of goods or services or works.

  • Transit-oriented development means infrastructure improvements that are located within 1/2 mile of a transit station or transit-oriented facility that promotes transit ridership or passenger rail use as determined by the board and approved by the municipality in which it is located.

  • Tourism means economic activity resulting from tourists, which may include sales of overnight lodging, meals, tours, gifts, or souvenirs.

  • Economic development means all powers expressly granted and reasonably inferred pursuant to SDCL § 9-54.

  • Residential Development means lands, buildings or structures developed or to be developed for residential use;

  • sustainable development means development that meets the needs of the present generation without compromising the ability of future generations to meet their own needs;

  • Next Michigan development corporation means that term as defined in section 3 of the next Michigan development act, 2010 PA 275, MCL 125.2953.