State lawmakers are pushing to see final action on a proposed aluminum rolling mill in northeast Kentucky. The State Senate voted unanimously Wednesday to set a deadline to recover a $15 million dollar state investment made to the former Braidy Industries if construction doesn’t happen. Chris McDaniel is the Senate Budget Committee Chair. He made the case for the bill on the floor.
“So Senate Bill 48 very simply ends the ability of the Cabinet to further extend this deal and requires the repayment of that incentive by the end of this year,” said McDaniel
Lawrenceburg GOP Senator Adrienne Southworth said it’s always important for lawmakers to be given full information of state deals.
Senate President Robert Stivers said it calls for a decision about moving forward with the project by mid-summer. He noted, if they don’t, the state would move forward to recoup a $15 million investment.
“If they can’t get it, whatever it might be, the deal done with investors and have the ability to get the plant started, then, if they don’t have it by that timeline, then the state could go to recoup the money,” said Stivers.
The bill was amended on the Senate floor to extend the time for an answer about whether the project is a go or not from the end of March to mid-summer.
