Environmental
In Kentucky, the state's Priority Environmental Projects (PEP) program provides financial assistance for:
AReal estate agent training on environmental issues
BCleanup of contaminated properties and environmental improvement projects✓ Correct
CNew construction that meets green building standards
DAgricultural conservation practices only
Explanation
Kentucky's Priority Environmental Projects program provides financial assistance and incentives for voluntary cleanup of contaminated properties and environmental improvement projects.
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Key Terms to Know
Depreciation
A reduction in the value of an improvement (building) over time due to physical deterioration, functional obsolescence, or external factors.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
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