164.2803 Nuclear Energy Development Grant Program -- Grant administration

319 words·~1 min read·/ky/164-2803

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

subcommittee duties.

(1)The Kentucky Nuclear Energy Development Authority established in KRS

164.2802 shall create and implement the Nuclear Energy Development Grant

Program for the advancement and location of nuclear energy-related projects to

support the entire nuclear energy ecosystem in the Commonwealth, including utility

and private sector economic development activities. The nuclear energy ecosystem

includes but is not limited to:

(a)The nuclear fuel cycle, which includes fuel conversion, enrichment, and

fabrication, as well as potential future spent fuel recycling and reprocessing;

(b)Reactor design and component manufacturing;

(c)Component supply chain manufacturing and distribution;

(d)Facility siting and development;

(e)Radioisotope production;

(f)Facility operation and maintenance;

(g)Decommissioning waste storage, transport, and management; and

(h)End uses of nuclear energy and co-products.

(2)The membership of the Kentucky Nuclear Energy Development Authority shall

select five

(5)of its voting members to serve on the nuclear energy development

grant administration subcommittee. A majority of the members of the grant

administration subcommittee shall constitute a quorum for the purposes of doing

business. The subcommittee shall:

(a)Create grant applications;

(b)Establish grant applicant eligibility requirements;

(c)Establish objective scoring criteria to evaluate grant applications, including

but not limited to:

1. The likelihood that the proposed project funded by the grant will

precipitate further investment in the nuclear energy ecosystem;

2. The economic impact of the grant funding on the community and region

where the proposed project will be located;

3. The readiness of the community where the proposed project will be

located to host nuclear-related investments, including whether the

community has been awarded a nuclear-ready community designation

under KRS 164.2804; and

4. The amount of additional investment that would be made in the

proposed project by the grant applicant and other sources; and

(d)Make determinations on grant eligibility and funding and make grant awards

based on those determinations, not to exceed two million dollars ($2,000,000)

per individual grant.