(A) The county shall use the proceeds of the license fee for economic development activities. It shall distribute semiannually, by June 30 and December 31, all receipts not shared to one or more of the following entities if it has established, or contracted with, the entity for the purposes of economic development activities:
(1) A riverport authority established by the county pursuant to KRS 65.520;
(2) An industrial development authority established by the county pursuant to KRS 154.50-316; or
(3) A non-profit corporation as defined in KRS 273.161(3), which has been organized for the purpose of promoting economic development
(B) The entity qualified to receive funds from this license levy shall make a written request for funds from the motor vehicle license fee account by May 31 and November 30, respectively.
(Ord. 94-3, passed 8-8-1994; Ord. 2009-6, passed 6-24-2009)