Kentucky lawmakers may make Braidy provide info or lose $15 million state investment
FRANKFORT — Kentucky lawmakers advanced new legislation Wednesday that would seek to recoup the state government's $15 million investment in Braidy Industries unless the company provides quarterly information on its upcoming financial and operational plans.
State Sen. Chris McDaniel, chairman of the Senate Appropriations and Revenue Committee, said Wednesday that lawmakers recently asked Braidy to submit a quarterly schedule concerning its financing and operations, but the company refused to do so.
"And the fact is, if they've got our money, we expect an answer," said McDaniel, R-Taylor Mill.
Lawmakers questioned representatives from Braidy last month after the company's founder, Craig Bouchard, was removed as CEO and chairman of the board.
Read more: https://www.courier-journal.com/story/news/politics/ky-legislature/2020/03/18/kentucky-may-make-braidy-provide-info-lose-state-investment/2869249001/