(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 o f 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 constitut e 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 g rant awards based on those determinations, not to exceed two million dollars ($2,000,000) per individual grant.
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