KY HB939

Amends KRS 65.504 to require 80% of incremental revenues be pledged to the West End Opportunity Partnership for 20 years by consolidated local governments and the Commonwealth, beginning after initial required investments are received from private sector investors, local government, and the state

Requires local participation agreements between the West End Opportunity Partnership and governing bodies to be adopted by ordinance, specifying parties' duties, incremental revenues pledged by tax type, benefits to taxing districts, and terms of default

Establishes that pledges of incremental revenues in local participation agreements are superior to any other revenue pledges and supersede conflicting statutes, ordinances, or resolutions during the agreement period

Excludes the local participation agreement and development area from percentage calculations under KRS 65.7049(2) and allows residential property in development areas to qualify for property assessment moratorium programs when incremental revenues haven't been pledged to other tax increment financing projects

Repeals KRS 6.945, which restricted the General Assembly's authority to require cities to make expenditures or levy taxes