This is a Reasonable Development form. The assignee shall drill all additional wells necessary to develop the leases and the land they cover, necessary to protect them from drainage, as would a reasonably prudent operator; provided, however, without limitation of the foregoing, assignee shall drill all development, protection, or offset wells which may be required under the terms and provisions of the oil and gas leases on the lands, to the depths assigned.
Kentucky Reasonable Development
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Multi-State
Control #:
US-OG-507
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FAQ
The Low Income Housing Tax Credit (Housing Credit) is a federal tax credit created by President Reagan and Congress in the Tax Reform Act of 1986 designed to encourage private sector investment in the new construction, acquisition, and rehabilitation of rental housing affordable to low-income households.
The Affordable Housing program assists low and moderate-income households buy a home. We also provide homeownership counseling and rental assistance.
KNEV makes grants of $30,000 and investments ranging from $250,000 to $750,000+. Qualified companies must be Kentucky-based and funds are to be used for business development activities.
The cost of living in Kentucky is 8% lower than the national average. Housing is 23% lower than the national average, while utilities are 3% higher. When it comes to basic necessities such as food and clothing, groceries are around 3% lower than in the rest of the country, while clothing costs 3% lower.
The Low Income Housing Tax Credits Program promotes the development of low-income rental housing through tax incentives. KHC expanded funding options by offering tax-exempt private activity bonds along with 4% Low ?Income Housing Tax Credits.
