AN ACT relating to fiscal matters.

Amend KRS 65.490 to remove the minimum square-mile requirement for a development area; amend KRS 65.494 to define "existing development area" and "new development area"; allow certain new development areas to be created within an existing development area.

Economic Development State Agencies Cities, First Class Counties with Cities of the First Class

Introduced: February 19, 2025

Last action: March 27, 2025

Became Law Without Governor's Signature (Acts Ch. 98)

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This bill changes the rules for how local governments can set up development areas, which are zones used to encourage economic growth and investment. It removes a minimum size requirement for these areas and updates definitions to distinguish between existing and new development areas, while also allowing new development areas to be created within already-established ones. These changes give local governments more flexibility in how they structure and expand development zones. Who it may affect: local governments and developers, particularly in larger counties and cities of the first class such as Jefferson County and Louisville.

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