Projects are approved by the Kentucky Economic Development Finance Authority (KEDFA) which meets on the last Thursday of the month (except November & December). contact KEDFA 45 days prior to KEDFA monthly meeting to discuss project, If the project is eligible KEDFA will send application/link. application packages and application fee are filed 30 days prior to KEDFA meeting. Upon KEDFA's review of application, a draft of a KEDFA board report will be issued and sent to applicant. Once the draft report is accepted by applicant, KEDFA's legal counsel then drafts the tax incentive agreement (any fees are to be paid by applicant). Once the agreement is signed by applicant and admin fee (the greater of .5% of estimated credits or $500) is paid, the proposed project is presented at the KEDFA monthly meeting. Once approved, the production may begin to qualify expenditures. filming or production must begin within 6 months of KEDFA approval date & must be completed within 2 years of the production start date. Within 180 days of the production completion date, the final script and a certified, detailed cost report of the qualifying expenditures is due to KEDFA for final review.